Bearish chart formation in Vodacom Group Expecting a trend reversal on a failed break above the key resistance R 132.00 / R 134.00 levels. Failure will result in a downward trend to possibly test R 117.50 / R 118.50 Shortby Logaro1Updated 3
$JSEVOD Vodacom testing the declining trendlineVodacom is busy testing the declining trend line today which has been in place since about July of this year. Still looks to resemble a flat bottom triangle, with a closure below R118.00 confirming the pattern. Target from this pattern would then be R95.00. An entry here would be very much pre-emptive but skews the risk / reward highly in your favour. Wait for a reversal off this R129-R130 level to enter.Shortby MarcoOlevano6
Is The Full Correction On Vodacom Complete?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, Mozambique, Lesotho and Kenya. Vodacom's mobile networks cover a population of over 284 million people. Through Vodacom Business Africa (VBA), the group offers business managed services to enterprises in 32 countries. Vodacom is majority owned by Vodafone (64.5% holding), one of the world’s largest communications companies by revenue. Technicals Weekly: The uptrend had to end at some point in time, what a run it was! The current correction has found strong support at the 50% Fib retracement level. I would not be surprised to see this level break and price move to the 61.8% retracement level. Daily: The daily setup tells me that there are two possibilities. Either we have seen the whole correction and the 50% retracement level will hold or the correction will likely be even deeper than the 61.8% retracement level. If this is the case and we see the 78.6% retracement level, that would be a very significant fall in share price for Vodacom! This leads me to believe that it is more likely that we have seen the entire correction already and that we should see a reversal from here. Longby Linton_White1
$JSEVOD daily chartJSE:VOD Today's daily candle on $JSEVOD looks extremely bearish. More downside coming. Off course some 40 minutes till close by ALSITRADERUpdated 4
VOD JSEBullish move towards the resistance, either buy or put selll limitby TheGreatestMarketAnalyst2
$JSEVOD hourly chartJSE:VOD Pulled back and made bearish flag wait for break lower. Longer term target can be found here: by ALSITRADER4
$JSEVODJSE:VOD Not to late to play head and shoulders on weekly $JSEVOD chart. Target around 8500by ALSITRADERUpdated 3