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Peet_Serfontein
Aug 15, 2019 6:58 AM

VOD heading lower? Short

VODACOM GROUP LTDJSE

Description

Lower Bollinger Band crossover with an indication of low volatility. Keep in mind that the best technical breaks usually developed from periods of low volatility.
Bearish MACD crossover below the zero-line.
Decreasing trajectory on the OBV - money is leaving the share.
The only concern is the RSI oversold territory which is around 11125, leaving limited downside capabilities.

Trade closed manually

Time exit reached
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