Re: Long VOD/Short TFG
I am slightly down on this pair this morning, with TFG being bid, possibly in part due to the MRP results.
Though the stop-loss has not been tested, traders should consider an early exit at a 4.6% loss.
Time Frame: Medium Term
I believe that on both a fundamental and technical level, this idea may be worth considering while also taking a market neutral approach. You could think of it as being 'long consumer staples' (or utilities) and 'short consumer discretionary' .
With talk of a 3rd 'covid wave' and murmurings by public officials, there is a risk that we...
I am new to publishing ideas, but have been an avid trader for years and been on trading view for a couple of years doing technical analysis.
I thought to publish this idea as i believe there is a opportunity here.
VODACOM : reviewing the latest SENS news
Putting all the inflation (USA and RSA) worries aside(and waiting for the news to pass so investors can...
VOD trading at the lower end of the range. As long as R120 holds i will look for targets between R130 & R135. Keep in mind VOD will release results soon.
- Price is still in a long term consolidation while the 200 day moving average is gradually moving up
- Looking for the next leg up towards the highs again
- Bull case in play while stay above R120
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
VOD looks like it could come back to support at R122/R120. This has been one hell of a range for a while. Seller has been stepping down from R129 and last week stood at R125. Look for some support at R122 and further at R120. Stop loss below R118 with 1st target at R130.
Not much happening on this chart since forever. Will wait for a breakout of this sideways channel, and channel within channel, before i consider it for a trade.
Been at the messy of the 200 day moving average for the past year; but persistently failed to break higher. wonder for how much long it will (200dma) hold.
*No clear trading signal, just an observation!
- Price is at a favourable area to go long as it consolidates within a wider range
- Stochastics oversold / volume rising
- Solid business with a decent PE
JSE:VOD
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
A large Head & Shoulders has formed on JSE:VOD at quite a significant support level. If it breaks through the neckline which falls on the support level, we could see a move downwards towards the lows from mid-March.
JSE:VOD is bouncing off of a strong support level that goes all the way back to mid 2018. It looks like it is gaining momentum for a long position, but I will wait for confirmation before entering.
