Longer term scenario for VOD showing an inverted H&S within a long term down channel
I expect this to act as a reversal pattern and push price higher into the down channel
Below is the bear case.
A bear continuation channel
I dont expect a very strong reversal out of the channel just a move up then double top and return back down
Double tops are notorious on this chart which I have shown in red
Interesting signal, seems almost too good to be true, the projection we get, but it's worth a shot with low risk at the stop.
Best of luck!
Cheers,
Ivan Labrie.
While Telkom is looking Bullish, I can't say the same with Vodacom....
Head and Shoulders pattern formed and broke down.
Bearish
Target R98.16. What are your thoughts?
NASDAQ:VOD
Possible Scenario: LONG
Evidence: Price Action
TP1: 18$
TP2: 19.5$
Call options, Strike 19$, 06/18/21
Call options, Strike 19$, 10/15/21
* This is my idea and could be wrong 100%.
Please give me your feedback - this is my first published TradingView Idea.
Bull flag on the VOD daily.
The bottom of the channel seems to have found support from the 200 EMA, which has been in an uptrend since the formation of the channel.
First target 13436
Next target 13554
Longer term target 14279
1) a Huge Volume shows that all sellers are gone.
2) Technically we are at the end of the 5 impulsive waves to the down side.
3) We should see a long correction now for the next weeks.
4) My Bias is very bullish
After a trading range starting in mid-2018 Vodacom has had a spring-like action during the market downturn. The comparative relative strength was outperforming while other stocks were falling. There was a pause at the yearly pivot point and 200 day MA but the price was unable to push below the trading range again. Today we have seen a significant bar with some...
Buy Vodafone (VOD.L)
Vodafone Group Plc is a telecommunications company. The Company's business is organized into two geographic regions: Europe, and Africa, Middle East and Asia Pacific.
Market Cap: £43Billion
I am reiterating my bullish view on Vodafone today. The shares have found support at the lower end of the bullish channel. The momentum overall still...
