Versarien plc stock (LSE:VRS) is a bear market and
the bearish momentum on it is expected to continue. Rallies are ought to be
ignored as they can be traps.
In the chart, 4 EMAs are used, and they are EMAs 10,
20, 50 and 200. The color that stands for each EMA is shown at the top left
part of the chart. Price recently moved above the EMAs 10 and 50, and later
dropped below them. That is a clear bearish signal.
Unless price crosses the EMA 50 to the upside, the current
bearish outlook would be valid.
In the VRS daily chart, the EMAs are sloping
downwards. Sell and sell short… As the market moves towards the demand levels
at 80.00, 70.00 and 60.00. This is a target that can be achieved within the
next several months.
Market Analyst, Trading Signals Provider and Coach
Trading realities: Trading realities
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