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sergiodom

Vodafone ended 10 year long bear ride?

Long
VODAFONE GROUP ORD USD0.2095238 (LSE_DLY:VOD)  
sergiodom Updated   
LSE_DLY:VOD   VODAFONE GROUP ORD USD0.2095238
Support and Resistance Trend Lines
4
0
supportandresistance trendline
snapshot
After 10 years, Vodafone seems to have reach the bottom.
Long consolidation periods (yellow), and 2 downward channels led us to a rock bottom of 63GBP.
The last downward channel appears now to be broken with immediate resistance at 103 GBP.
Positive outlook as long term investment.
Trade active:
Entered before Jun23 dividend.
12month target = 103 GBX (37%)
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