VOD
Vodafone - Reiterating my bullish view.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 appears bullish. Higher prices towards 174p is expected.
Stop: 155p
Target 1: 173.9p
Target 2: 189.90p
Target 3: 200p
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Vodafone - Rising at 5G speed.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 (AMAP). Its segments include Europe and AMAP. Its Europe segment includes geographic regions, such as Germany, Italy, the United Kingdom, Spain and Other Europe. The Other Europe includes the Netherlands, Portugal, Greece, Hungary and Romania, among others. Its AMAP segment includes India, South Africa, Tanzania, Mozambique, Lesotho, Africa, Turkey, Australia, Egypt, Ghana, Kenya, and among others. The Company provides a range of services, including voice, messaging and data across mobile and fixed networks.
Market Cap: £43.13Billion
Vodafone has had a terrible couple of years as the share price has plummeted from 240p to lows of 122p. There are some encouraging signs appearing, which began with the break of the bearish channel and the formation of a rounded bottom on the daily chart. The break of resistance at 147.86p confirmed the bottom pattern and suggests further upside will be seen over the medium term. The first target is the measured move of the bottom pattern at 174p, beyond that we see the price reaching closer to 200p. In the very short term, the shares are trading in a neat channel, buying interest looks set to continue.
Stop: 151.95p
Target 1: 174p
Target 2: 190p
Target 3: 193p
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Vodafone Reversing??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 RSI since August 21st. The resistance was also provided by a 1.618 extension of the range between points A and B (not shown).
As far as targetting how far the market MAY go, the strength of resistance indicates there's a good chance the market will retrace to the 0.382 level or more. Note that this is one of the strongest horizontal price barriers on this chart. If the market reaches the 0.382 level, it could do so at a point of intersection with another diagonal price barrier such as the example in the pink circle where the 0.75 fan line intersects the 0.382 level.
Equally, breaking through this level to the downside would be a sign of strength in the downward pressure. If the market reaches this level, watch how the price behaves around the level. It will leave very important clues.
Vodafone Reversing??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 RSI since August 21st. The resistance was also provided by a 1.618 extension of the range between points A and B (not shown).
As far as targetting how far the market MAY go, the strength of resistance indicates there's a good chance the market will retrace to the 0.382 level or more. Note that this is one of the strongest horizontal price barriers on this chart. If the market reaches the 0.382 level, it could do so at a point of intersection with another diagonal price barrier such as the example in the pink circle where the 0.75 fan line intersects the 0.382 level.
Equally, breaking through this level to the downside would be a sign of strength in the downward pressure. If the market reaches this level, watch how the price behaves around the level. It will leave very important clues.
VOD Update: Possible swing trade 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.
Vodafon - Decade-CorrectionSince the year 2000, the Vodafon share is in a correction phase.
The sharp sale until September 2002 with the low at 79.82 pence marked the wave sequence A.
By 2014, I think Wave B has been going on for over 12 years, and since then, C's correction pattern has ushered in the next phase.
Wave 3 of this C could have been completed this month, so now the upward 4 is going on at Vodafon for the next 12 months.
Afterwards the final sell off should start and the price could fall into the area of 50 pence.
A recent entry would be possible if the SL is set to the current low. From 170 pence profits should be taken or the SL be tightened. Should the dividend return to 13 pence this year, an additional dividend yield of 9% would result.
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.
$vod breakout lookout-long term trend- uptrend and showing strength
-intermediate timeframe shows trend is in an uptrend but slightly flattening
-volatility is contracting.. pressing up on resistance area of 29.9x
-not paying too much attention to rsi here because of stock showing strong trend strength.
-positive volume pressure being applied
-shorter timeframe is showing price action in a symmetrical triangle with a .20 measured move- which would lead to the break of resistance area up to 30.0x
-cautious to the possibility of a false breakout- entry at 30.05 and setting stop at 29.71 gap low
-once resistance is broken extension level/profit target set at the .618 level of 31.67
Long VOD to ~232 levelI like the current dynamic of Vodafone share and the strong upwards momentum they currently have.
This is still an evolving chart so perhaps a trailing stop would be more appropriate here to avoid being hit large on any pull backs, which I would expect to be spiky like the rebound from the 190 level.
Multidiagonals currently seem to target around the 232 level.