LONG VOD?
Price has had multiple inside days following the dividend day decline.
Price basing with lows around 120.50 area.
Do analysts still see value in Vodafone and keen to drive price higher?
A break of the 120.50-120 area could see price rotate lower.
However, price hs shown a reluctance for any moves lower as the market participants remain indecisive.
Who is going to blink first? Isee the potential for a move higher if 121 holds and price puts in a higher low.
Bulls will have prevailed if prices close above 123-123.50 area. Therefore set alerts for price breaching these areas in early next week trading. Conversely if 120 falls seek short opportunities.
Price basing with lows around 120.50 area.
Do analysts still see value in Vodafone and keen to drive price higher?
A break of the 120.50-120 area could see price rotate lower.
However, price hs shown a reluctance for any moves lower as the market participants remain indecisive.
Who is going to blink first? Isee the potential for a move higher if 121 holds and price puts in a higher low.
Bulls will have prevailed if prices close above 123-123.50 area. Therefore set alerts for price breaching these areas in early next week trading. Conversely if 120 falls seek short opportunities.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.