Vard: Are we seeing a breakout as predicted last Friday? Now at 0.415

Let’s see if it can head towards the 0.45 target now?

Sent: Friday, September 04, 2015 3:53 PM
Subject: ******* Vard: May start to see some strength above 0.400 psychological resistance next... price 0.395

Vard has traded below the 0.39 – 0.40 resistance level for about 2 weeks which it has originally broke below. Today we have seen some actions as it attempts to break above again. More confirmation needed on clearing of 0.400 – 0.405 sellers. On a clear breakout, can expect a short term move to 0.45 then 0.50. Can consider taking profit along the way as mid to long term trend is still negative with more longer term moving averages pointing lower. Stochastic has started to reverse upwards after the sell down since June. Let’s watch.