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LD_Perspectives
Oct 17, 2019 7:33 AM

Vodacom Trade Idea (Short Term View) Short

VODACOM GROUP LTDJSE

Description

Vodacom Trade Idea:

Previously we had flagged 11625c as a buy/long level. The price has since run up strongly and I think it may be time to reverse course as the share trades at resistance, appearing overextended in the short term.

Category: Short Term Active

Trading Plan:

Short/Sell VOD at current levels 12719
Use a stop-loss of 12950 to protect capital
Take profit at or near 12270
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