Now at 0.36, more downside as mentioned?
Sent: Friday, October 30, 2015 9:47 AM
Subject: ********* Vard: More weakness on breakdown of 0.375 - 0.38 support, price 0.39, watchlist
Subject: ********* Vard: More weakness on breakdown of 0.375 - 0.38 support, price 0.39, watchlist
Vard has broke the psychological support at 0.400 over the past few days. We may see more weakness if even the 0.375 – 0.38 support does not hold for now.. 20 day MA line has started to reverse downwards along with the longer term trend. Has been trading below the channel resistance line for a year already which show that trend still dominant on the downside. CFD SELL can be used to ride any further breakdown, with target to 0.34 then 0.28 which was the low set in Aug. Cautious long below.
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