vodafone

Sold out yesterday and was very tempted to go short, however I wimped out and am on the sidelines for now. If I was a little braver I would go short at 172.

Follow-up chart

Closed half of my position this morning

For the remaining half SL moved to 163 which is above breakeven and below 61.8% fib of the current upmove

follow-up

fridays candle was bullish with a HH and a HL compared to previous days candle

good luck to all those who are in

spot on Broad-rock

On the daily chart, things to note are
1. 5 wave down move
2. bullish RSI divergence & double bottom
3. closure of gap & break of trendline
4. todays candle showing a bounce off (after filling the gap) near th 61.8 fib level
5. low of 154 on 31 dec can be labelled as 1, high of 166 as 2, todays low of 159 as 3 (ie if we make a HH and a HL candle tomorrow.....ideal entry would be on break of 123 low(break of 166)
6. stop should be below 3(159) OR 1(154)

my initial target after a 123 low breakout would be 177(previous high + 100%fib exp) and 188(161.8% fib exp)

Good Risk Reward trade here. Enter at 161 stop at 153 target 190.

Almost 1-4

Zoomed out
dl.dropbox.com/u/43650856/Vodafone%20-%2...20-%2017th%20Jan.htm

Close up
dl.dropbox.com/u/43650856/Vodafone%20-%2...up%20-17th%20Jan.htm

Just noticed this one has gapped up, right on resistance and there is a gap above, which it may try to fill.