VARD has a nice breaking out today at 20 cents and closed higher at 22.5 cents. This is rather bullish.
It has staged a very impressive recovery from the low of 0.12 cents and managed to head higher to touch 22.5 cent on 7th Mar 2016. This is generally rather positive.
After this upwards thrust today, it will be good for it to pause/to take a break before gaining strenght to move up again. Also Rsi is also pointing towards the overbought territories which will be good sign for it to retreat a little.
After this pause, wait to see if it is able to move up the channel to towards 26 cents with extension to 30.5 cents.
(trade base on your own decision)
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