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9 years 4 months ago - 9 years 4 months ago #14206 by Trendfriend
Some charts with possible trade setups, or potential trades.

First VED - vedenta.
uk.advfn.com/p.php?pid=chartscreenshotsh...yI71NF+TJMlCb+a2sHY=

Bullish stock, but may be ready to p/b somewhat, rsi around a level which it normally retreats from, a p/b from 675p trendchannel, down to the 20 day ema line possible around the 578/80p area.
Any p/b down to that area is a buying opp, with a stop below the main trendline.
So longer term bullish, but a possible short scalp coming up.

Enq - Enquest.
uk.advfn.com/p.php?pid=chartscreenshotsh...37tjDbBJxjuoCjMYU%3D

This looks ready for a bullish move to the upside, rsi breakout, and a longer term trend channel gives a target as high 50p area.

stops below the main trendline at around 25p.

Finally PMO - Premier oil.
uk.advfn.com/p.php?pid=chartscreenshotsh...Vlgxjm1hWk2+A88jy18=

This is coming up to the top of the trading range, it's been in extensive range boumd consolidation phase since around May.
A break above 81p signals a new leg to the upside, with tight stops at around 77/78p.
A failure at 81p, could see a retrace back to 60p area, where a basing looks to be taking place, and any p/b back to the low 60's is buying opp.

atb, as always wdik and please pull up your own charts and dyor,
trendfriend :)
Last edit: 9 years 4 months ago by Trendfriend.
The following user(s) said Thank You: remo, abudawud, chief66

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