Vodacan Breakout of this Falling wedgeVodacom starting to show some good volume in a consolidation with a pivot that's opened higher We are in a huge falling wedge Upside potential to around R140 1st take Profit top of this wedge ChannelLongby Zabbs2
Short VodacomVodacom is approaching the top line resistance within a bear flag. Some might even call it a "consolidation" pattern. With the RSI pretty much in no man's land I am looking to short any bounce near R120.00 or better. A break above this "sideways" pattern would be considered bullish and that would be my signal to exit the trade and take a stop loss. With multiple resistance zones near that level where bounces regularly get sold, I expect more of the same. My target for now is R112.55. Let's see what happens...Shortby RobbyPUpdated 2
VODACOM (VOD) DAILY TIMEFRAME LONGNever has there been so many multiple confluences on a single chart as this one. Firstly, price formed a head and shoulders pattern on the weekly chart, and tumbled down after the completion of the right shoulder and breach of the price below the the neckline. Secondly, prices have managed to stay under the neckline, which was a key psychological level at 14 000. You know how crazy people can be around round numbers. Also, the price is moving in a steady downtrend as depicted by the lower lows and lower highs and the descending trendline unmasks this. Price is now around the 12 000 key psychological area and the lower timeframes already show a rejection in the form of a bearish candle. I expect prices to continue going down. A fail-safe would be to wait for prices to approach the descending trendline and opening short position once clear signs are given. I would like to thank all the readers and fans for showing love and supporting my content. If you want me to cover a particular asset/security, please dm me. Shortby munyaelliott5
$JSEVOD Vodacom basing for a bigger move?$JSEVOD released a decent set of results this morning in the face of a tough economic environment which we have witnessed locally for the last little while. Perhaps now with elections out the way and a gradual uptick in economic activity, this local counter could benefit from inflows into the SA inc sector of our market. This year we have seen price action contained within a tight range of R110-R122. It has formed an inverted Head & Shoulders formation with multiple bottoms around the R111-R112 area. If we see the stock break above the recent highs of the neckline around R122, we could see this stock off to the races to test the upper end of the larger channel which comes in at roughly R132- R133. Longby MarcoOlevano6
TB and FWRWe have a triple bottom on Vodacom and a falling wedge reversal as well, can see it going up a little bit and also to close that market gap??Longby Mars_African_EmpireUpdated 6
Vodacom'Bearish' consolidation on the VOD weekly. A break of that might be what we need to take us to the R100 levels, which is the likely target for the H&S pattern that is playing out of the long term monthly chart.Shortby Innocentmaponde3
JSE:VOD Vodacom Continuing the DowntrendVodacom has consolidated but after reaching the overbought trendline of the downward stride there was a clear change of character indicating weakness. The break of the TR range could indicate more downside to come.Shortby SteynTradeUpdated 3
Vodacom Group Pending Long (ST Idea)The share continues to trade in a sideways to downward channel, offering opportunities to participate on both the long (buy) and short (sell) side. At currently levels, the candle structure and moving averages suggest a move toward the lower boundary of the channel, and an opportunity to take a buy/log position below 10900c, using a stop-loss of 10650c and take profit target of 11400c.Longby LD_Perspectives4
Bullish Reversal on VODJSE:VOD formed a Bullish Harami reversal pattern on Friday. It has already moved upwards quite significantly today, but will most likely continue to our target level at the next resistanceLongby RossLarter4
Pullback and shoot upWe are gonna have a little pullback on Vodacom, then we continue to go up on this downtrendLongby Mars_African_EmpireUpdated 4
Vodacom in a bearish consolidation on the weeklyA weekly close below the R110/R111 area, is what will likely take us to the 'much anticipated' R100 area.Shortby Innocentmaponde3
Vodacom: Bear flag still in playBear flag still in-place and playing out. Also helping the case for the bears is the down-sloping trend-line which the price-action is so far 'faithful' to. In the short-medium term, target is still R100.Shortby Innocentmaponde2
Bear flag confirmed - will add on close below R111.75Bear flag confirmed - will add on close below R111.75Shortby gillyblore4
$JSE-VODJSE:VOD Try to break up on Friday but yesterday pulled back making ugly inverted hammer. Good place to short it as old saying goes from false moves come fast moves.by ALSITRADER6
LONGFundamentals and technical analysis seem to be lining up pretty well When prices breaks resistance of the wedge WE WAIT FOR Pull Back to go long!Longby waynepipkillUpdated 1
VODACOM : JSE5 bearish wave motive completed, now we trade the correction thereof to complete the impulse.Longby TheGreatestMarketAnalyst2
Vodacom Group (VOD) - Positive Short Term Price Action The telecommunications sector is fraught with pressures (lack of strong revenue growth, regulation, consumer, price cuts). Continual investment into it's networks also sees capex rising albeit cash flows are stable. VOD (115.96) has been under pressure since it's last trading update, declining from a peak of 136 to it's recent lows of 111. The recent price action has caught my attention and is leaning toward 'slightly positive'. On Monday we saw a bullish engulfing candle being printed, following a strong move higher during the next session. Since Wednesday the candle structure suggests that 115.32 is a 'level of interest'. Traders should look for a break of the downward trend line which would line up with a break of the 5/10 exponential moving average. On the upside, the target would be 119.89 followed by 122.03 using a stop-loss of 113.10. Over the long term we still have a head and shoulder formation that has developed that could see R100 being tested. JSE:VODLongby LD_Perspectives3
Vodacom breaking down?Daily chart shows price trying to break support around R118. I'm monitoring for, 1st, a close below R118, and 2nd, for that R118 area to act as resistance. Provisional entry levels, R115/R116; target R100.Shortby InnocentmapondeUpdated 3
$JSE-VODJSE:VOD Trying to break consolidation to the downside. If it brakes target is around 10000by ALSITRADER5
$JSEVOD impulse with Eliott WaveUPDATE. Previous count edited slightly - I still think we are going up - No idea what happened this morning. Massive instant drop.. - My mistake might have been thinking we can get an symmetric triangle in the 2nd wave. Apparently that's not possible by EW rules. - I now count the low of this morning as the end of wave 2.Longby TheDavo905