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Versarien PLC (LON:VRS) Key 15p Support Tested

Judging when or whether an extended bear phase for a stock has run its course is not always an easy thing to do. Indeed, some may argue that it can be one of the more problematic challenges for investors, given the way that most are by definition biased to the long side anyway. In the case of Versarien PLC (LON:VRS) it can be seen how the stock has tumbled from 35p plus this time last year, towards the 15p level. Indeed, it is evident that for April to date we have been treated to a narrow bear trap rebound from below the former 15.6p March floor. It helps that the latest marginally lower low was accompanied by significantly higher RSI readings, with this bullish divergence adding to the impression that the stock could be set for at least an intermediate rebound. <img class="aligncenter size-full wp-image-666039" src="http://www.directorstalk.com/wp-content/uploads/2015/04/

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