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Tuesday, June 7, 2016

Vard

Vard - 7th June 2016

Vard after hitting the low of 15.1 cents on 10th May 2016 it had managed to trend higher to close high at 18.9 cents today. This is quite positive.


Looks like a reversal trend is happening and the price may likely continue to cross over 19 cents and then head higher towards 20.5 cents.

Both Macd & Rsi are showing sign of a positive divergence that may provide further indication that the share price may continue to trend higher.

Breaking out of 20.5 cents with good volume that may propel to drive the share price higher towards 23.5 cents.
(trade base on your own decision)

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