Vodacom has reached a key level of interest R118-108 where i'm looking to take a long position.
It also coincides with the 200wma and yearly S1 pivot. Oscillators in oversold territory.
We could possibly see a bounce first up to R128 then R144 if the zone holds.
A daily close below R108 would be viewed as bearish with next support being around R100
It also coincides with the 200wma and yearly S1 pivot. Oscillators in oversold territory.
We could possibly see a bounce first up to R128 then R144 if the zone holds.
A daily close below R108 would be viewed as bearish with next support being around R100
