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TOPIC: VOD

VOD 21 Feb 2019 09:03 #1

  • Shotry
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I probably won't short this, but the price at the current time seems to favour the bear case scenario (bd from a bear flag). I'll wait for my opportunity here.
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VOD 20 Feb 2019 13:08 #2

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I liquidised my VOD positions at a small profit a few days back, but am continuing to watch. There remains a risk that the trading from Jan 29th to today (Feb 20th) forms a bearish flag pattern. A similar pattern formed between Sept 5th and Sept 24th. On that occasion the price dropped from 166/167 to around 145. The trend on the daily chart remains negative. There is also considerable uncertainty in the wider markets. However, a break above 144 might provide some interesting bullish behaviour to the 150 or even 157/158 areas.
All it takes for the triumph of evil, is the silence of 'good men'
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VOD 07 Feb 2019 09:18 #3

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On the daily chart, the price hit the 143 area that represents a backtest of the break of tl (Oct 26-Nov 9th) support. It also closes the gap up that formed yesterday (feb 6). The question now is for me, does VOD continue it's downtrend to the 117-120 area, or does it try for the upside with a decision point at 146. I have to be away from my screens for a lot of today. I have positions from 139. If I'm around and I see a buy signal, I'll buy hoping for 146. This is based on the hope that the fib retracement to 61.8 works as support if it doesn't I'll drop my trade
All it takes for the triumph of evil, is the silence of 'good men'
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VOD 06 Feb 2019 08:48 #4

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Recently touched it's 61.8% fib retracement (133/134) of the move up from 2002-2015. Could act as a base for now at least. Overall it remains in a downtrend and I would not discount seeing 117-120 (rising tl support on monthly) at some point. However, I re-entered at 139 and the price currently stands at 143.2. 2h chart shows a micro 123 low that has activated. Next decision point might be the descending tl resistance which I currently at 146ish. There is a gap back to the break of the 2h 123 low breakout at around 141. If it retraces to fill this, I will take it as a backtest and increase my position with a view to dropping at least half at 146.
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