VOD - are we close to a buy?

Waverider2,
Did you look closely at the chart?
Did you realise it's a weekly and therefore the 140 is not likely to occur until the end of the year - earliest? In the short term it will be staging a small recovery. The charts cannot be denied....

Diver,

As much as I like to get into VOD at 140ish - i have my reservations about it going that low. The telco sector on the whole is seeing a bit of a bullish divergence and i think VOD can be pulled up with that.

dl.dropbox.com/u/4385922/TELCO%20sector.png

Vod could have seen the bottom IMHO.

Also, I have got BP, Meggitt, COB, BP, SSE, GSK all in my high alert radar. Especially VOD and GSK.

All the best
RTW2

If you click the link and then 'full size' you'll find it's 1600px x 989px = 1.618 fib ratio
You'll possible need to use the side-bars to access all of the chart. It's not in candlestick format as i suffer with acute colour-blindness so find the bars easier to see.

Hi Diver, I cant see the chart very clearly, even the link shows the same size of chart.

is there any thing I can do to see it larger/clearer?

The answer to the question is yes, but not quite now.

screencast.com/t/IiJ9DyhmsBW

Take a look at the chart.



We are due another swing up for a b of ((b)); then another down for c of ((b)) - this should go to 144 minimum and could follow wave W and retrace to 61.8%fib, in which case it will make 133. This is the area to be buying: between the 50 and 61.8% fibs. Then hold for the next cycle up towards a minimum 215.91, being equal legs with wave W; but this could well extend into 123.6fib at 244.

This is a definite buy. The trick is getting in at what you consider an acceptable point. For me the 50% back is fine. If it goes lower then just accept it in the knowledge you are on the right side of the trend and therefore you will make profits as soon as wave Y gets under way.

Hope this is of help and easily understood.

There are a couple of nasty looking gaps which I will be keeping my eye on, but failing that I will be watching the 172/173 mark (previous support) then the 180 mark if markets look strong at that point.