Tanked to a new low at 0.27 today on strong volume with the rest of the Oil and Gas peers…… Where to now?
Sent: Monday, July 27, 2015 11:56 AM
Subject: ********** Vard: Breakdown seen below 0.45 again, CFD SELL, price 0.44
Subject: ********** Vard: Breakdown seen below 0.45 again, CFD SELL, price 0.44
Follow up from previous sell call at the beginning of July when it was at 0.555, we have indeed seen a breakdown below 0.55 about 3 weeks ago and it has headed all the way down to 0.45 support. Have seen this 0.45 breakdown today as well with target now at 0.40 critically. MACD and Stochastic both pointing downwards firmly with no reversal in sight yet. Note that clearing of 0.395 – 0.40 buyers can pave the way to more sell down towards 0.300 as it finds a new low. CFD SELL to ride any downside.
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