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Keanureeves
Jul 2, 2020 2:40 PM

VODAFONE UK BUY Long

VODAFONE GROUP ORD USD0.2095238LSE

Description

The range at the top then turned in to a down trend. The price then went in to a short-term correction before it then dropped rapidly. However, it then met resistance at 90 which was the continuation of the previous downtrend and key support at a level in the past. This has now formed a new short-term uptrend which i believe is a sign of a reversal of the long-term down trend in to an uptrend.
This is more of a longer-term strategy so sell the investment when you like, I would probably sell around 245.
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