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  #1  
Old 04-09-2014, 08:19 PM
boiluku boiluku is offline
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Default VARD Holdings

Vard Holdings Limited (“VARD”), together with its subsidiaries, is one of the
major global designers and shipbuilders of offshore and specialized vessels
used in the offshore oil and gas exploration and production and oil services
industries. Headquartered in Norway and with approximately 9,500 employees,
VARD operates ten strategically located shipbuilding facilities, including five
in Norway, two in Romania, two in Brazil and one in Vietnam.

VARD’s long shipbuilding traditions, cutting-edge innovation and technology
coupled with its global operations ensure access to the fastest growing oil
exploration markets. The company’s expertise and track record in constructing
complex and highly customized offshore and specialized vessels have earned it
recognition from industry players and enabled it to build strong relationships
with its customers.

VARD was listed on the Main Board of the Singapore Exchange (“SGX”) on 12
November 2010. On 13 March 2013, Fincantieri Oil & Gas S.p.A., a wholly owned
subsidiary of Fincantieri – Cantieri Navali Italiani S.p.A., owned 55.63% of
the shares in VARD, inclusive of a 50.75% stake acquired on 23 January 2013.
Headquartered in Trieste, Italy, Fincantieri is one of the world’s largest
shipbuilding groups and has, over its 200 years of maritime history,
built more than 7,000 vessels.

(Source: SGX.com)
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  #2  
Old 04-09-2014, 08:35 PM
boiluku boiluku is offline
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Vard has formed a Head and Shoulder and is currently sitting at the neckline support. The psychological support at S$1.00 has been holding so far.

MACD, MACD Histogram and RSI are still pointing downward.
Stochastics is now below 20% which is at the oversold level.

A bounce at the neckline may do a quick test to initial resistance at 1.05.



Caveat.
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  #3  
Old 11-09-2014, 02:36 PM
banerai77 banerai77 is offline
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Hi bro,

Nice to see a TA guy in here. No doubt Vard looks like heading south but similar sector like YZJ is going strong therefore might take quite a while before vard breaks the neckline.Vard price dip was also partially affected but it's tax issue query a few wks back.
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  #4  
Old 17-09-2014, 10:39 PM
boiluku boiluku is offline
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Hi banerai, it would also be nice if more analysts will share valuable information here both in TA and FA.

I am looking forward for a healthy discussion here in the forum.

Meanwhile, I have updated the chart and included new support levels at .91 and .87.

The H&S has been completed and broke the neckline around .99 and made a retest at 200d MA resistance at .97. If we are going to follow the H&S theory where the lowest price it can go after breaking the neckline is the distance of the tip of the head to the neckline, then this will roughly give us at the price around .78.

Caveat.

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  #5  
Old 03-01-2015, 12:04 PM
boiluku boiluku is offline
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After that huge price drop and trading sideways with a downward bias, are we at the bottom already and possibly going to see a rebound and test resistance at .65 and eventually .70?

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