VOD LONG OF 90Vodacom has being holding 90 for a while now Long 0f 90 is a good play we can see target of 108
Jsevod
Vodacom Boring range broken down - Target to R75.27Box 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 into it, causing strong downside.
Vodacom in no mans land but watch out for BIG Order BlocksI 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 buying where they will sell and bring the price down.
Sell side liquidity - where it could seep it all the sells where they will buy to bring the price up.
UNtil we have a confirmed Break above SSL or BSL - it's going range bounded until then.
$JSE-VODJSE: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-VODJSE:VOD
Still stuck in the range that was made after results were published.
Break bellow 12800 will open target around 12000.
$JSE-VODJSE:VOD
Successfully back test broken range, making big engulfing bar today.
Target is around 14500
$JSE-VODJSE: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.
JSE:VOD Vodacom Ready to Move LowerVodacom 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-VODJSE:VOD
Manage to close above sideways consolidation.
Target for break out should be around previous high at 13500
JSE:VOD Vodacom Continuing the DowntrendVodacom 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-VODJSE: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.
$JSEVOD impulse with Eliott WaveUPDATE. Previous count edited slightly
- I still think we are going up
- No idea what happened this morning. Massive instant drop..
- My mistake might have been thinking we can get an symmetric triangle in the 2nd wave. Apparently that's not possible by EW rules.
- I now count the low of this morning as the end of wave 2.
$JSEVODJSE:VOD
Broke higher from long sideways consolation. Yesterday pulled back and so far looks as false break.
Short if 13000 is broken. Target probably back to the bottom of the channel around 11800.
Is The Full Correction On Vodacom Complete?Vodacom is a leading African communications company providing a wide range of communication services, including mobile voice, messaging, data, financial and converged services to over 103 million (including Safaricom) customers. From Vodacom's roots in South Africa, they have grown their mobile network business to include operations in Tanzania, the DRC, Mozambique, Lesotho and Kenya. Vodacom's mobile networks cover a population of over 284 million people. Through Vodacom Business Africa (VBA), the group offers business managed services to enterprises in 32 countries. Vodacom is majority owned by Vodafone (64.5% holding), one of the world’s largest communications companies by revenue.
Technicals
Weekly: The uptrend had to end at some point in time, what a run it was! The current correction has found strong support at the 50% Fib retracement level. I would not be surprised to see this level break and price move to the 61.8% retracement level.
Daily: The daily setup tells me that there are two possibilities. Either we have seen the whole correction and the 50% retracement level will hold or the correction will likely be even deeper than the 61.8% retracement level. If this is the case and we see the 78.6% retracement level, that would be a very significant fall in share price for Vodacom! This leads me to believe that it is more likely that we have seen the entire correction already and that we should see a reversal from here.
