Vodacom has being holding 90 for a while now Long 0f 90 is a good play we can see target of 108
Box formation formed over the last 9 months. It was a boring range and we were waiting for a breakdown. Which we now have and the direction chosen is DOWN. 200>21>7 - Bearish RSI<30 - Bearish Target R75.27 SMC - Buy Side Liquidity Order block formed above the Box Formation. This is where Smart money has swept buying from dumb retail traders and have sold...
I mean... I guess it's ok for range bounded trading. Buy at the bottom of the range and sell at the top (short) then swing the other way. But I guess more importantly, the bigger the range the bigger the Order Block is for when the price breaks out. There are two Order Blocks that Smart Money will sweep. Buy Side LIquidity - Where it could sweep it all the...
Share will probably gap lower. Intention to have a go short and close out at EOD.
JSE:VOD Making big base over last 18 months. Range is R110,00 to R138,00. Made big W formation inside of the box. Break above R138,00 will open target around R160. If you would like to keep this in portfolio for longer this is the time to buy.
JSE:VOD Consolidation inside the box. Watch for break one way or the other.
JSE:VOD Still stuck in the range that was made after results were published. Break bellow 12800 will open target around 12000.
$VOD in an upward channel but could turn down here to retest $JSE
JSE:VOD Successfully back test broken range, making big engulfing bar today. Target is around 14500
JSE:VOD I know most people will jump and say how head and shoulder is pattern valid only at market tops but I'm posting this chart here. If it plays out target around 9600, or if you want to be safe 10000 would be good bet. Big red engulfing bar today.
Vodacom has required some time but it seems ready to take the next step down of the overbought line of the downward stride. After the redistribution, range has played out and with the market turning down Vodacom may follow the market down.
JSE:VOD Manage to close above sideways consolidation. Target for break out should be around previous high at 13500
JSE:VOD Pushing towards top of the range. Get ready to go long if it breaks higher.
Vodacom has consolidated but after reaching the overbought trendline of the downward stride there was a clear change of character indicating weakness. The break of the TR range could indicate more downside to come.
JSE:VOD Look for break higher for gap close and potential target around 13500
JSE:VOD Try to break up on Friday but yesterday pulled back making ugly inverted hammer. Good place to short it as old saying goes from false moves come fast moves.