Can it cross above 0.50 now ?? some profit taking seen today….
Sent: Wednesday, October 07, 2015 10:28 AM
Subject: ********* Vard: Potential upside above 0.46, price 0.455
Subject: ********* Vard: Potential upside above 0.46, price 0.455
Vard has traded below 0.46 for more than 2 weeks and today we are seeing some actions as Global oil prices soared Tuesday to one-month peaks on simmering Syria tensions, rebounding equities, the weak dollar, and upbeat comments from energy major Shell. Any firm move above the 0.46 temp resistance on oil prices maintaining can see a trade to 0.50 then 0.54. 20 day MA line as started to reverse upwards.
Sent: Tuesday, September 08, 2015 9:10 AM
Subject: ********* Vard: Breakout spotted above 0.400, more upside above now ... price 0.415
Subject: ********* Vard: Breakout spotted above 0.400, more upside above now ... price 0.415
As mentioned in last Friday call, we have indeed seen the resistance at 0.400 – 0.405 clear out on strong volume yesterday and seeing it push higher today with a high at 0.42. Looks set to head towards the next resistance at 0.45 then 0.50 as mentioned previously. At current levels, it has broke above the 20 day MA line firmly with technical indicators also starting to trend upwards.
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