Versarien Plc price analysis: The bearish momentum on VRS to continue

Share On Facebook

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.


Trading realities: Trading realities

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

This area of the site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.

Leave A Reply

Do you want to write for our Newspaper? Get in touch:

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20200403 05:47:58