Vedanta

[96pills]

Anyone have a view on vedanta resources. I think they are worth a short been going up too much for no real good reason......

 

[96pills]

Distance to 20 days moving average: 23.3539%
Distance to 200 days moving average: 76.5602%
It is just accelerating too fast

 

[superspurs]

just my tuppence but i,ve got support at 1495,res at 1700

 

[96pills]

yer got in at 1610 i dont think it will test the resistance it wont reach it.... it came off at the end off the day probs goin south....

 

[superspurs]

96pills,i hope you covered that short this am,it gave you a chance to get out for a small loss.when it gapped up and came back to support.it is now at an area to watch price action.breakout pullback for longs or bearish candles,break of trend for shorts.good luck.

 

[superspurs]

imo,support now at 1688,target 1850 ish.lets see if we get a pullback for along at 1700.

 

[96pills]

i got out this for small loss might go back in at some point...

 

[96pills]

was back in at 1610 making around 50p per share atm

 

[96pills]

This chart shows ( i have attached it i dont know if it shows up in this text box) that RSI has finally fallen below 70 mark. Strongly bearish signal

 

[superspurs]

nice,what,s your target

 

[96pills]

1500, i dont want to squeeze too much out of it because it is far too volatile

 

[superspurs]

nice round number,its a great share to get in and out of,good trading.lonmin is another that swings well

 

[minch]

Yes agreed, Im short Vedanta from yesterday. Also short Xtrata - target close of weekend gap.

 

[superspurs]

im short kaz,target 640 and xta target 680 minch.

 

[minch]

im short kaz,target 640 and xta target 680 minch.

Im out xta @ gap closure - 700, G/L SS, and good trading.

 

[96pills]

im out ved may be too early but made nearly a £1

 

[96pills]

i got vod at around 112p today i think there is going to be a lot of confidence after its strong dividend payment

 

[minch]

Vedanta :- Is this the right shoulder forming of a poss H & S.

 

[superspurs]

the high of today was also 50% retracement of the down leg.

 

[minch]

the high of today was also 50% retracement of the down leg.

Yes SS, Im still short from Wed, been squeezed a bit this morning.

NFP will have an influence later.