Vard 15 November 2014

Reported revenue of NOK 2809 million, up 18.5% from NOK 2370 million in 3Q2013

Counter has been consolidating for the past 5 weeks

Bullish MACD signals under 0 level

RSI exited the oversold zone

However, lookout for 20 days moving average as the current resistance

Possible upside if it crosses above the 20 days moving average

Bollinger squeeze looks to be forming in the early stage

I do hope this is the bottom…

Vard (3)

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