We may derive the following from the Weekly VOD chart: 1. Price was rejected by our major trend (grey trend) (See linked idea). 2. However, price has/is holding at our backtest level. 3. A further bid may help push the price up. 4. Monitor for bullish action and a break of the channel trend. 5. As always - maintain your risk. Note: The views provided...
JSE:VOD I know most people will jump and say how head and shoulder is pattern valid only at market tops but I'm posting this chart here. If it plays out target around 9600, or if you want to be safe 10000 would be good bet. Big red engulfing bar today.
Vodacom has required some time but it seems ready to take the next step down of the overbought line of the downward stride. After the redistribution, range has played out and with the market turning down Vodacom may follow the market down.
JSE:VOD formed a piercing line pattern which is a bottom reversal signal. If today closes higher, I will consider a long position tomorrow.
JSE:VOD is looking good for a long position if it breaks through and confirms on the fractal.
$JSEVOD Hourly close below R116 targets R113.50 and R111.15
#Vodacom breaks out, fills the gap around 126.60 but is now unfortunately back below support.
We in the SR Falling wedge still looks in tact If we hold this level i would like to see some buyers getting stuck in
JSE:VOD Manage to close above sideways consolidation. Target for break out should be around previous high at 13500
Hi Guys So having a look at VODACOM, we may derive the following from the weekly chart: 1. The recently formed base has shown a reversal pattern (the equidistant channel). 2. The weekly down trend (pink line) has been broken - we are approaching the major downtrend (grey line). 3. A test of the orange circle or resistance is possible and a break beyond that...
JSE:VOD has broken through the top of a sideways channel that it has been trading in since the 24th of Jan. It has broken out and confirmed the upward move by closing out of the channel twice. There is also a gap that will most likely close. Just beware that it might find some resistance at gap close.
Breaking out with a gap to fill at 126.70
JSE:VOD Pushing towards top of the range. Get ready to go long if it breaks higher.
- 20 EMA starting to turn up slightly. - RSI firming up. - MACD pending center line cross. - VOD pending breakout. - MTN bear flag building.