Since the year 2000, the Vodafon share is in a correction phase.
The sharp sale until September 2002 with the low at 79.82 pence marked the wave sequence A.
By 2014, I think Wave B has been going on for over 12 years, and since then, C's correction pattern has ushered in the next phase.
Wave 3 of this C could have been completed this month, so now the upward 4 is...
VOD showing nice bullish divergence on the Monthly chart. TD sequential on the Monthly chart is at a 9 as well. Additionally, we are very near a nice support zone. If it breaks the support I will sell. My entry is at the ORANGE line. 100%+ gain potential!!!
Vodacom is a leading African communications company providing a wide range of communication services, including mobile voice, messaging, data, financial and converged services to over 103 million (including Safaricom) customers. From Vodacom's roots in South Africa, they have grown their mobile network business to include operations in Tanzania, the DRC,...
-long term trend- uptrend and showing strength
-intermediate timeframe shows trend is in an uptrend but slightly flattening
-volatility is contracting.. pressing up on resistance area of 29.9x
-not paying too much attention to rsi here because of stock showing strong trend strength.
-positive volume pressure being applied
-shorter timeframe is showing price action...