VOD trade ideas
$JSEVOD DAILYVodacom DAILY has come down from resistance and is now just about on WEEKLY support. The 200 day SMA is also around this area(Brown line) which may also help provide support. Can VOD hold here and rally? We watch for confirmation
$JSE - Vodacom trading at the levels we mentioned last weeka bounce on this support level may see share price moving higher
Possible reversal on VodacomI am keeping an eye on JSE:VOD as it formed a bearish harami after a small retracement. If it confirms I will enter long for a small move.
$JSEVOD hourly close below R123.50 targets R119.80$JSEVOD hourly close below R123.50 targets R119.80
short vodacomVoadacom approaching resistance on weekly chart,you could possibly short for another leg down.First wait for consolidation on daily.
VOD - Never Doubted VodacomWe may derive the following from the Weekly VOD chart:
1. Price has held above the major downtrend.
2. Price should continue to rise.
3. Monitor price action and look out for further long opportunities.
4. As always - maintain your risk.
Note: The views provided herein do not constitute financial advice.
VODACOM possible upswingJSE:VOD is showing an bullish engulfing candle pattern at a support level. We can anticipate an upswing if the pattern plays out.
VOD heading lower?Lower Bollinger Band crossover with an indication of low volatility. Keep in mind that the best technical breaks usually developed from periods of low volatility.
Bearish MACD crossover below the zero-line.
Decreasing trajectory on the OBV - money is leaving the share.
The only concern is the RSI oversold territory which is around 11125, leaving limited downside capabilities.
Engulfing @ SupportJSE:VOD is showing an engulfing candle at a support level and is looking good for a long position.
VOD - Don't give up so soonWe may derive the following from the Weekly VOD chart:
1. Price was rejected by our major trend (grey trend) (See linked idea).
2. However, price has/is holding at our backtest level.
3. A further bid may help push the price up.
4. Monitor for bullish action and a break of the channel trend.
5. As always - maintain your risk.
Note: The views provided herein do not constitute financial advice.
Update idea
$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.
Piercing Line on VodacomJSE:VOD formed a piercing line pattern which is a bottom reversal signal. If today closes higher, I will consider a long position tomorrow.
VOD Long if breaks through fractalJSE:VOD is looking good for a long position if it breaks through and confirms on the fractal.
$JSEVOD Hourly close below R116 targets R113.50 and R111.15$JSEVOD Hourly close below R116 targets R113.50 and R111.15
$JSEVOD - Fakey.#Vodacom breaks out, fills the gap around 126.60 but is now unfortunately back below support.
VODACOM Do or DieWe in the SR
Falling wedge still looks in tact If we hold this level i would like to see some buyers getting stuck in
$JSE-VODJSE:VOD
Manage to close above sideways consolidation.
Target for break out should be around previous high at 13500
