VODAFONE UK BUYThe range at the top then turned in to a down trend. The price then went in to a short-term correction before it then dropped rapidly. However, it then met resistance at 90 which was the continuation of the previous downtrend and key support at a level in the past. This has now formed a new short-term uptrend which i believe is a sign of a reversal of the long-term down trend in to an uptrend.
This is more of a longer-term strategy so sell the investment when you like, I would probably sell around 245.
V1OD34 trade ideas
Vodafon D1Vodafon is one of the largest mobile operators. By the number of subscribers, it is second only to China mobile. And this is not surprising because China is the most populous country on the planet. But Vodafon has a rather large market and many countries use its services. Vodafon shares, like many other companies, plummeted during the pandemic. But the quarantine period is ending and business activity around the world is starting to increase, which is a good driver for the growth of the company's shares. This operator is used by many business people, because it provides a fairly high quality connection. The company is also actively engaged in a project that will allow customers to use 5G Internet, which in the future will significantly increase the company's profit. Vodafon signed a contract with Oppo for the sale of 5G smartphones in Europe.
VOD : close to breakoutVodafone 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.
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.
Vodafone - Extending higher from a bottom patternBUY – 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 first cut of the dividend since 1990 back in May 2019. The most recent update was a positive one with the company stating they are confident in delivering their revised earnings target. They also planned to raise around €20million from the sale of 60,000 mobile masts through a potential IPO of firm TowerCo. This would create Europe’s largest power company.
Best Broker Target Price: 250p (Deutsche Bank 09/08/2019)
Worst Broker Target Price: 140p (Berenberg Bank 19/06/2019)
Technical Analysis
The share price gapped up through the long-term downtrend channel on the May results. This then led to the completion of a large bottom pattern on the break above resistance at 147.8p. The projected upside move from the bottom pattern comes in at 171.44p. Beyond that there is scope for significantly more upside according to the 250p price target from Deutsche Bank that was published on the 9th August 2019.
Recommendation: Buy
Buy between 150-157p
Stop: 143.5p
Target: 175p
VOD breaking monthly descending channel Long story short, the price made an upside breakout from the very strong MONTHLY descending channel.(very strong bullish sign) However, the price already made a significant move and on a daily chart(second picture) you can see that main indicators showing bearish signs. It means that before the next leg up, most likely price will pull back or consolidate on the current level. So if I had to enter the long position, in this case I just had to wait either for the pull back and consolidation ending.
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.