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Timonrosso

Vodacom bear channel thrives to R90.00

Short
VODACOM GROUP LTD (JSE:VOD)  
Timonrosso  
JSE:VOD   VODACOM GROUP LTD
Trend Analysis Chart Patterns Fundamental Analysis vodacom jse ALSI southafrica telecommunications
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trendanalysis chartpattern fundamental vodacom jse alsi southafrica telecommunications
This ongoing bear channel has been going since March 2022...

It's not been the haven for breakout traders. But an absolute beauty for trend traders and range bounded traders...

As long as the price continues in the range we could see the price head to R90 till March 2024...

Also the main indicator is the 200MA. If the price remains below it's bearish -Simple.

Target R90.00
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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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