[isatrader]

A new one for the watchlist today is Vedanta Resources (VED.L), which looks like it had a failed Stage 2A breakout in January, and fell back down into the Stage 1 range. But has now recovered since the beginning of April with a sharp head and shoulders pattern that is close to completing if it can close above the February high of 1311, which would give an initial swing target of 1656.

Relative performance versus the S&P 500 is above the zero line and rising and the cumulative volume is beginning to climb. I've attached the technical attributes charts of the monthly and weekly time periods, of which the monthly has just started to recover and now has a score of 3 out of 8, whereas the weekly went to a maximum of 8 out of 8 last week showing that this stock is turning more positive.

VED.L is currently in Stage 1B imo and would move to Stage 2A with a breakout and close above the February swing high of 1311.