Vodacom

[Preston]

Guys, have a look at the technical analysis on Vodacom , more specifically the Dragonfly Doji that appeared on today's price movement. RSI is looking positive(rising). Good share to enter for day trading to make some short term profit.

[Rams]

Dont be be fooled by the DOJI on OST chart because bring up any chart and the open equals the close- you in the dark on day of trade. Candle will only light up the next day! Did complain about this previously - see my previous posts.

[Preston]

Hi Rams, thanks for the comments,however i am being specific in respect of the doji, ie "Dragonfly" Doji.

[MichaelR]

I notice the directors only buy and dont sell.

[Preston]

Interesting battle going on at the moment.

[Preston]

Extremely nice battle going on.

[Rams]

preston, I see the dragonfly but I was of tne view that whatever the DOJI, it means indecision and can be bottom or top reversal depending on price action. Were you considering a short for short term profit because the RSI was rising but into overbought territory. The red candles over the last 2 days was the confirmation. Now is the time for "SHORT" term profit(excuse the pun). I would like to know what your thinking was?

[Preston]

Hi Ram, definately short term profit (see the last line of my original post), unfortunately i was not able to execute the trade. I do agree with you that the RSI was extremely overbought , remember VOD did make a high on that day.