Versarien - VRS

Vrs now currently very close to main trend line £1, let's see a bounce from here! I can't believe how fast(volitile) the moves are

Same view as on 18 Oct....
Bear trap intra day break below the 200 day ema line to the main trendline currently at 100p level..(rising a tad daily).

However a break below the main trendline or a failure to close back above the 200 day ema line....means this is likely to break down further imvho....

anything more than 3 x close or a weekly close below the 200 day ema line....means bad news imvho...regardless whether or not this holds the main trendline or not...

so appropriate stops are a must here imvho...

atb, wdik, dyor,
trendfreind

What's the Views of VRS at the moment,
Now back down again & sat as i write this on the trendline from may this morning at (115, & just gone below at 113 & could be heading towards 200ma at 110. I have the major trendline at around 100

vrs - daily. (chart from 16 oct 2018)
uk.advfn.com/p.php?pid=chartscreenshotsh...5cAUxw3E2d3SVYANo%3D

this one had a strong bounce up from the 200 day ema line....but its now failed at the 20 day ema line feature on the daily....as long that level is cleared on eod closing basis...thsi should by all intents and purposes make a lower low imvho...so main trendline around 100p area...
this time i WILL buy it! first touch only....for t/lines...

atb, wdik, dyor,
trendfriend

Just Looked at Fibonacci retracement short term (from May), the 61.8% at 110 has just proved to be short term support today (so FAR)

Greville, I really do like the fundamentals of this British company & follow the company director Neil Richetts on Twitter, he has a great personality! I have bought & sold this share a few times now, but only on the technical support levels & have Exited on the Fib Extension Levels & resistances, this share in my opinion has performed Technically really well so far.