Vodaphone traded off a key level of 197.5p last week having closed above it. The backtest of the breakout failed and was followed by a gap down below the short term uptrend support and there's a long term bearish divergence in the daily RSI. The importance of this level can clearly be seen on this monthly chart and if it can break back above the 200.65p high from 22 May then it should go on to the next resistance at 231.75p.For now, though, I'd favour a short at the gap down from 196.4p as it offers a nice tight stop above the 200.65p high. If that stop gets taken out then the above scenarios would become favourite and it may be worth reversing my position. If it works out I'll be looking towards the 185p area to close as there's a gap there and the 38.2% Fib of the last...

Spot gold looks to be in the final stages of its long correction from the $1921 top back in Sept 2011. At least, there's plenty of support just below the recent low and the wave count shown on this weekly chart (if correct - there are almost always alternative counts) supports the view that a trend change could be due.The black arrows are equal in length and show the target for the 1525 to 1800 trading range break. This comes in at the 1250 mark and there's a support from an earlier price high at 1265. Just above that we have the 50% retracement level at 1303 and a price support at 1307. I'd favour the latter 1300-1307 area as a good place for a low as there are two technical levels very close and the "round number" psychological level too. That would also complete a very tidy 5 wave...

I'm looking at $19.50 as the target for spot silver. The reason for this is simply because that was a significant resistance which, when broken, resulted in a huge move.The recent low at 20.2 may even have been enough of a test of this level and the daily chart (not shown) had a large hammer on that day indicating that the $20 area had been heavily targeted.Having missed that bounce, the way I'd play this now is to either wait for 19.5 or to trade a 123-low breakout. This is when we wait for a higher low to form (I'm talking about using daily charts for this) and then buy when it breaks through to a new high above that of the initial bounce. In essence, that's what happened when the price broke 19.5 - it was a sequence of higher lows and then a break to a new high....

POG now looks to have made a higher low and a short term trendline break since the hammer at that dual support of 117p and 123p.A close above 135p would make a higher high and perhaps target the 154p area. Original link...

Getting started in the stock Market  The very Basic. Companies go to the stock market to raise funds.This is done Via the issue of shares. If you purchased shares you are issued with a share certificate.Now adays share certificates are held by your broker.These shares gives you voting rights and also can get dividends from the company profits depending on how many shares you have in the company. Getting started The first thing you need to do is open up a share dealing account. There are many companies offering this service. The companies below are just a small selection of potential companies giving the service.  In no particular order. Prices could have changed since writing this article so bear that in mind. Hargreaves Lansdown.       No Annual Fee.     £11.95 per trade Halifax Share Dealing.      No Annual Fee.     £11.95 per trade TD Direct...