Bearish chart formation in Vodacom Group
Updated
Expecting a trend reversal on a failed break above the key resistance R 132.00 / R 134.00 levels.
Failure will result in a downward trend to possibly test R 117.50 / R 118.50
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Spot on on the Vodacom!Watching the name seeing support R 117.50 / R 118.50
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Reached target .. Looking to accumulate at around the R 118.00 R 119.00 levels.Should offer some medium support!
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Reached target happy to stay short these.. A decent play on the vulnerability of the SA consumer .. stock also getting downgraded today by HSBC
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