The following is the follow-up analysis on VARD, in which VARD was judged as a buy on dip:
VARD: 1 May 2015, Friday, 10.21am Singapore Time
Attached above is the latest chart on VARD.
1. Vard will carry on its rebound to $0.80 area, which represents a more than +20% rebound upmove (albeit to be still classified as a short-mid term dead cat bounce within a long term downtrend)
2. Vard had experienced dry selling in end-March and early-April, followed with punt up buying in late April recently.
3. Orange Zone FFA:
Worldwide Smart Monies are still holding weak and moderate longs for the last rebound.
4. Reversal candle back to immediate term bullishness for Vard (Brown Circled Region).
Click "Share" on the Facebook icon at the bottom of this thread if you like it, or
if you would like to start a discussion about it with friends on your Facebook Wall.
No comments:
Post a Comment