Weekend Charts

A few charts here to check out over the weekend, as always comments/corrections welcomed and appreciated.

first up PFC,, not perfect fried chicken! Petrofac weekly.
Looks a little bit like Premier oil, a break and close above 964p should see 1055p, and possibly higher.



next, NMC health - NMC.
Looks like a bull flag breakout, wait for a new high above 1663p to buy, target 1739p area.



Astra zeneca - AZN
Looks long term beraish, main trendline should hold, maybe worth a long if the ris holds support, look to short if price and rsi breakdwon, mid term target 3750p.



short positions if 2417p (typo on chart) breaks down, mid term target sub 2000p



Vedenta - VED
Long term bullish, but a rsi bearish divergence, could well mean the good run is about to falter, look for shorts on close below the 20 day ema line, be flexible at the 50 day ema line, but a close below that level possibly add second short on break of 50 day ema line.


atb, happy trading,
as always, wdik, dyor.
trendfriend

Hi TF

NMC Health looks cracking! thanks for posting the chart and bringing to my attention

Looks solid across all time frames

I have some orders to open for tomorrow at 1640, 1645 and 1650 with a SL below 1610

Its trading at scary heights at top of a massive up trend but I think this still has a lot of momentum left to move higher

If I do manage to enter - my initial target would be 1690

But seems unlikely I will get an entry (might have missed the boat) - I have a feeling this will gap up tomorrow at open

Hi RC, Hope your keeping good.

I'm long as well on NMC......just looking at your chart, somewhat different to mine, i dont seem to hav ea high of 1690p!!

anyway the weekly below, shows a possible best case target of 1836p area, i may not hold that long tbh....
uk.advfn.com/p.php?pid=chartscreenshotsh...XFx0G/eYLYe+n0mxTTQ=

atb, wdik, dyor,
trendfriend

Hi TF

On my charts it shows 1690 as a high on 9/1/17 - it was a resistance which is already broken!




I have already closed half of my position and will let the other half run

Targets
Short term 1710
Mid-Long term - 1921

Just sigh of 1800 - hope you are still in TF and enjoying the ride!

I sold a couple of days ago, to buy sound oil!
I did bank a decent enough profit on this...

tbh, i may not have bought this if you did not pick it out after i posted it these charts....

so thanks for looking at it for me.......
are you still in this?

atb
trendfriend