Jan 18, 2014

Vard Holdings Technical BUY with +11.7% potential return


BUY with a target price of S$0.95 as the stock appears to have reversed its downtrend and prices could have bottomed out at S$0.75 at the moment.

Watch to see if its 20-day EMA could cross above its 50-day EMA as the stock looks poised to break above S$0.87 with comparatively high volume on the back of a +DI/-DI crossover.

Protective stops could be placed at S$0.78.

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