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).
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