Vodacom short Vodacom looks like a short. If the falling wedge goes throug it would trigger a head and shoulders. There are big support on 11000 10500 and 10000....... It is on a down trend.
VOD trade ideas
$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.
VodacomEquities | VOD Vodacom | 1-Hour Chart | 11624c
- Price holding above the prior breakout level of 11505-11517.
- Developing a potential bull flag
- Trigger and confirmation will be a strong H1 close above the downward trend line going back to 18 December.
VodacomThe share price of Vodacom has recently broken out of the 11000 to 12750 range to start a new upward trend. Since the breakout, the price has retraced from overbought territory back towards support at 12750. This marks the first pullback since the breakout and a possible trading opportunity. The bullish candle at support suggests the pullback to be over and that the trend induced by the breakout may now be set up to continue. 13715 is the favoured upside target from the move, while a close below channel support at 12600 might be used as a stop loss consideration for the trade. www.ig.com
$VOD Recovery?Might be able to see a bit of a recovery in Vodacom if South Africa can stop messing about.
Breakout Test in Progress?On the weekly chart we notice the shaded blue zone was a strong support zone for the 30 September and 7 October candles. Price then made an impulsive move down from 11 November and this pierced (breakout) right through that support zone. Such a move especially after 3 strong weekly candles usually leads to a retest of the breakout zone. That Is our trade for this stock. We target the blue zone. The risk reward is not particularly attractive so we reduce the position size to compensate for that drawback.
Entry: 1 small position @ 11450
SL: 11068 ( just below the swing low)
TP: 11870-11845 (blue zone)
NB:Always manage your risk appropriately.
VOD - Crushed By RegulatorsWe may derive the following from the Daily VOD chart:
1. Price made a good break out of the major weekly downtrend.
2. However, the new uptrend failed to sustain itself, keeping in mind the recent fundamentals.
3. At this point, price may find support at the 110 level.
4. Wait for an opportunity to present itself. And as always - maintain your risk.
Note: The views provided herein do not constitute financial advice.
$JSE-VODJSE:VOD
Still stuck in the range that was made after results were published.
Break bellow 12800 will open target around 12000.
waiting for the pullbackVodacom has started showing signs of a reversal of trend,we will look to enter after a pullback towards the 200EMA and some consolidation,it should be noted that the trend on the weekly is firmly down hence manage risk accordingly.
VOD - Finally Broke ThroughWe may derive the following from the Weekly VOD chart.
1. Price has finally closed well outside of our downwards channel.
2. It is more probable to say that the the trend is slowly changing to the upside.
3. If you haven't bought yet, I would rather wait for a pullback.
4. As always - maintain your risk.
Note: The views provided herein do not constitute financial advice.
vodacom turning bullishVodacom has spent a good amount of time above the 200ema,will look to enter on a pullback.
$JSE-VODJSE:VOD
Successfully back test broken range, making big engulfing bar today.
Target is around 14500
VOD - Cup & Handle?We may derive the following from the Daily VOD chart:
1. Price was slightly bullish last week and appears to have formed a "cup and handle" pattern.
2. It is probable that price may drop for a bit and then return to test the neckline before a potential breakout.
3. Monitor price action and be patient before trading.
4. As always - maintain your risk.
Note: The views provided herein do not constitute financial advice.
Vodacom Trade Idea (Short Term View)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
