VED - Possibility to take a long position

LSE:VED   None
Vedanta has returned to its long term trend line so could be worth a first attempt trade. Trend line touch is also at 38.3 Fib and return to moving average, with this we have RSI diverging to price and potential for MACD bullish divergence , although not completed yet.


Hi, Ive also been watching VED waiting to see whats it doing around the 780 support area, as it seems its completed EW cycle?

Capra r88ave
Hi @r88ave, Thanks for sharing. Nice set up there. Well, we are thinking the same so lets see what happens. Have you opened a position or are you still watching?
r88ave Capra
@Capra, to be honest Im debating between with either LMI or VED. I think we are in consolidating period at the mo. LMI will is higher risk but greater returns if the plat plays right. Whereas, VED is solid, has plenty of legs to go in the long run. Im pretty much waiting for the both rise above green line crossovers.
+1 Reply
Capra r88ave
@r88ave, Yes very interested in the both of them, thinking Platinum might give a little before it rises, which I expect it to do.
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