VOD trade ideas
VODACOM - Long Swing Idea (Weekly Chart)- Price is at a favourable area to go long as it consolidates within a wider range
- Stochastics oversold / volume rising
- Solid business with a decent PE
JSE:VOD
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Disclaimer: All ideas are my opinion and should not be taken as financial advice.
Vodacom looking bullish after a bullish divergenceVodacom looking on the long side. Not jumping on it yet looking for a break above 13724c level.
VODACOM - Break below support could mean a short move.A large Head & Shoulders has formed on JSE:VOD at quite a significant support level. If it breaks through the neckline which falls on the support level, we could see a move downwards towards the lows from mid-March.
VOD on strong supportJSE:VOD is bouncing off of a strong support level that goes all the way back to mid 2018. It looks like it is gaining momentum for a long position, but I will wait for confirmation before entering.
Tiny bearish flagWe have a tiny bearish flag on Vodacom.
The has been sandwiched between R137 and R111 since 2019. The R122 level had been strong support. I’m looking for a break below the R122, and a close below R118 (3% break). My initial target is the R111 level and my second target is the R101 support. I have concerns about the risk-reward on the trade. I will potentially take the trade on the rest of the R122 level. To improve the risk-reward
Vodacom Bull FlagPlease give me your feedback - this is my first published TradingView Idea.
Bull flag on the VOD daily.
The bottom of the channel seems to have found support from the 200 EMA, which has been in an uptrend since the formation of the channel.
First target 13436
Next target 13554
Longer term target 14279
$JSEVOD - Vodacom forming a small bull flagWe wait for confirmation of a breakout before taking a position.
VOD I'm looking for VOD to play some catch-up. The price broke down from a falling wedge however has found support on the prior breakout zone which is in line with the pivot (P). This also appears to be another 'breakdown and back-test' chart structure (previous examples included SOL, DRD Gold and Brent Crude Oil). As you know, back-tests can be sharp and I'm looking for this one to be too.
Current: 12853c
Stop-loss: 12540c
Take Profit Target: 13645c
VODACOM GROUP looking to push up bullsLongs in a bear trend for Voda ...-risky :) Alright 12555 seems to be attracted to 13200 for a possible bearish pullback, to near up on demand zone 1200.
So yeh, it looks like a bearish trend, -a ranging in rage bear trend ...but, bullish interests.
And no don't take me seriously, I am just sharing.
Vodacom - Bearish Engulfing candle pattern formingThe market doesn't seem to have reacted well to the restructuring of JSE:VOD today and has formed a massive bearish engulfing candle with today's move. Along with this, it has broken the upward trend it has been following since mid March. If it trades lower tomorrow, I might consider a short position.
VODThe share has been in a gradual upward trend, with higher lows pushing the share to a six-month high. While the trend has been up, momentum may be slowing with: (1) a rising developing, (2) the price at the prior swing highs and (3) the RSI starting to roll over with a pending break of the incline. With the share, I am considering action from both the long and short side. BUY/LONG Scenario: The 12135-12200 zone was prior resistance: on a breakdown of the rising wedge we may see this re-tested followed by a (potential sharp) back-test. SELL/SHORT Scenario: The price may overshoot the rising wedge – resulting in a false breakout followed by a pullback.
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Disclaimer: This technical view forms part of a larger research note and hence the idea should be viewed as part of a broader diversified trading portfolio.
JSE:VOD Vodacom Showing StrengthAfter a trading range starting in mid-2018 Vodacom has had a spring-like action during the market downturn. The comparative relative strength was outperforming while other stocks were falling. There was a pause at the yearly pivot point and 200 day MA but the price was unable to push below the trading range again. Today we have seen a significant bar with some volume. Now we watch if the upper boundary of the trading range will hold or if a markup could start. We could see some consolidation before or after the break before the markup starts. Will watch how this progresses.
VOD 1hr at resistanceVodacom reached an upwards sloping medium term resistance line at R127 - and support is currently at R117
VOD - Possible long IdeaClosed at session highs on Friday,currently one of the stronger stocks in the Top 40.
Entry - Break and daily close above 12500
Stop Loss - Close below 11800
Possible first target - 13188
Possible second target - 13580
