Since the last low @ S$0.76 is broken convincingly with extremely high volume today, based on the Gap Theory; VARD's interim TP S$0.595, next TP S$0.505.
BTW, in 2011, I learned the Semi-round arch / "Mushroom Of Death" chart pattern from a Malaysian guy who used to read naked charts without trading volume and technical indicators. Thus the MOD chart pattern is originated from him, not me.
Buying stocks with the highest leverage via CFD at max. financing at 90% may trigger a margin call when price falls below the stop-loss level but the auto-force-selling mechanism prevents further huge losses if there is continual sudden and sharp corrections.
Buying properties with the highest leverage via bank financing at 80% (after TOP) with no intermittent margin call lulls the house owner into a false sense of security (as long as the monthly installment is paid promptly). In a sudden and sharp downturn, if the house valuation falls drastically, a margin call served to house owner with no top-up money paid could trigger an immediate evacuation from the house by the bank.
In most cases, the main reason which triggers a collapse in share price of such a magnitude within a couple of hours is due to Margin Call.
Based on the Elliott Wave chart pattern, crucial support @ S$0.78, record low baseline support @ S$0.56; expect VARD to retest the last low @ S$0.76 scored on 22 July 2013 and hit lower low to close the gap between S$0.70 and S$0.675 created on 7 Oct 2011.