Today, a good friend of mine asked me why I recommended Vard on 29-Jul at the price of $0.78 as it was a bearish stock. He was absolutely right. Then why I still recommend this counter? The price touched it strong support level of 0.79 and more important it hit 20% center of gravity plus 2 golden crosses signal appeared. Next question should we sell now? If I am comfortable with the 6% gain and I am worry about the delays and cost overruns in their Brazil plant, then take profit.
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