On Wednesday, VARD re-test the resistance at $1.14 and closed at $1.12 with HIGH volume of 18.11 million shares traded.
Both RSI & MACD are bullish as RSI trend upwards.
Important Resistance of VARD: $1.14
Immediate Support of VARD: $1.015
Currently prices are supported by 20 days MA.
On 16/April, prices broke the critical support at $1.215 with heavy selling pressure and since then decline strongly to test the support at $1.015
The support at $1.015 is expected to be very strong.
We do not suggest buying this stock for long term holding as it display long term bearish trend. However if interested for short term trading, watch for any break out of the $1.14 resistance with high volume as it affirms on the sign of reversal.
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