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.
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.
The ascending triangle started to form at the start of the pandemic restrictions. Not fully formed yet, it is in a downtrend and therefore it's possible it will head lower. Wait and see. Fundamental factors are: cost of living, recession, a takeover/bid, inflation, interest rates (cost of capital) -
Lots to think about.
Why GooseBumps Bullish ???
1. In 1 day chart stock is above 200 Moving Average.
2. Stock has broken its bigger triangle Pattern.
3. In Its small recent triangle Pattern, stock is in over bought zone in RSI.
4. If in small recent triangle its breakout than its confirm the reversal.
As per government telecom reforms if Vodafone idea not pay dues then govt will take stake in VI. IF stock price is 150 then govt stake in VI is 35% only. IF stock price is 100 then govt stake in VI is 50% . So its price will go above 150.
LSE:VOD
Following a disappointing earnings release last week, the price of VOD gapped down and traded softer for the earnings release trading session. The share picked up some buyers around the 125.00 handle and enjoyed a bounce back up to the 129.00 level in this week's trading.
price hasn't really shown any keenness to close the big earnings gap and appears to...
After long bear market this stock is making wxy correction with chart pattern in its x wave. 100% projection of wave y is at 18 since it is rising from bottom it can go higher than 100% projection upto 161.8% projection at 24 inside potential green parallel channel.
price is making sideway correction and this correction has made triangle chart pattern,
triangle is now in its final wave E which led to thrust movement.
RSI is near the oversold reading
support
lower white trend line of triangle
target
projection at 18
Here is my analysis of IDEA stock
Idea Stock is in the range (Ascending Triangle).
Also, Idea stock is in the Supply Zone.
We could buy the stock now Because There is still a supply level below the current One.
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