Vodacom Trade Idea:
Previously we had flagged 11625c as a buy/long level. The price has since run up strongly and I think it may be time to reverse course as the share trades at resistance, appearing overextended in the short term.
Category: Short Term Active
Trading Plan:
Short/Sell VOD at current levels 12719
Use a stop-loss of 12950 to protect capital
Take profit at or near 12270
Previously we had flagged 11625c as a buy/long level. The price has since run up strongly and I think it may be time to reverse course as the share trades at resistance, appearing overextended in the short term.
Category: Short Term Active
Trading Plan:
Short/Sell VOD at current levels 12719
Use a stop-loss of 12950 to protect capital
Take profit at or near 12270
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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.
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.