RossLarter

Vodacom breaks through top of sideways channel

Long
JSE:VOD   VODACOM GROUP LTD
VOD has broken through the top of a sideways channel that it has been trading in since the 24th of Jan. It has broken out and confirmed the upward move by closing out of the channel twice.

There is also a gap that will most likely close. Just beware that it might find some resistance at gap close.

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