Looks like a Wave 5 down is possible. 1-2 Days to complete and hit the target near 119
The market doesn't seem to have reacted well to the restructuring of JSE:VOD today and has formed a massive bearish engulfing candle with today's move. Along with this, it has broken the upward trend it has been following since mid March. If it trades lower tomorrow, I might consider a short position.
Vodafone has kept if dividend unch giving it (for now) a high single digit div yield which is pretty decent in a zero rate world. The range 125-135p is critical for a breakout. Don't expect stellar returns given utility status and African exposure but a possible re-rating of the stock given post covid-19 realities is possible - one to watch.
Just wait the right signal to buy.
As we see the pattern crosses the resistance line and goes in an upward direction
Is this the completion of a Head and Shoulders reversal? Time will tell and we should know by March 2020.
Buy Vodafone (VOD.L) Vodafone Group Plc is a telecommunications company. The Company's business is organized into two geographic regions: Europe, and Africa, Middle East and Asia Pacific. Market Cap: £43Billion I am reiterating my bullish view on Vodafone today. The shares have found support at the lower end of the bullish channel. The momentum overall still...
Very pleased with my VOD entry. Will be holding for at least a year to avoid taxes, maybe longer if the 150% gain looks attainable. Plan to pick up some more if we get a decent dip again. These crazy times are giving us some voltaility and second chances on entries.
Vodafone ran into a solid confluence zone of resistance in Friday. It has since retraced over 5%. Today it fell over 2.3% and, crucially, it fell below the 1:1 trendline on the Fibonacci Fan shown. This is important because this trendline has acted as the greatest source of support throughout this uptrend. In addition, there has been a bearish divergence on the...
Vodafone ran into a solid confluence zone of resistance in Friday. It has since retraced over 5%. Today it fell over 2.3% and, crucially, it fell below the 1:1 trendline on the Fibonacci Fan shown. This is important because this trendline has acted as the greatest source of support throughout this uptrend. In addition, there has been a bearish divergence on the...
- Price has re-captured the 200d ma - Flat top triangle breakout on Daily - SL below 200ma - Manage Risk - Disclaimer: This does not constitute financial advice and all trades are my opinion. LSE:VOD
BUY – VODAFONE (VOD) Vodafone Group Plc is a telecommunications company. The Company's business is organized into two geographic regions: Europe, and Africa, Middle East and Asia Pacific. Fundamentals Vodafone’s share price has drifted sideways to lower for the past few years, but all of a sudden, the price has risen almost 25% in 3 months. This follows the...
I have VOD for the long run, since it's floating around a a support zone it's held for 17 years. We're in a bit of a lame decending wedge, and I'd like to see the RSI go into more bullish territory, but if it breaks out it could probably yield a decent 25% gain on a swing.
Hi Guys So having a look at VODACOM, we may derive the following from the weekly chart: 1. The recently formed base has shown a reversal pattern (the equidistant channel). 2. The weekly down trend (pink line) has been broken - we are approaching the major downtrend (grey line). 3. A test of the orange circle or resistance is possible and a break beyond that...
VOD showing nice bullish divergence on the Monthly chart. TD sequential on the Monthly chart is at a 9 as well. Additionally, we are very near a nice support zone. If it breaks the support I will sell. My entry is at the ORANGE line. 100%+ gain potential!!!