Vodacom 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 Channel
Vodacom 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...
Having another go at overhead resistance
Never 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....
$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...
We 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??
'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.
Vodacom 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.
JSE:VOD Look for break higher for gap close and potential target around 13500
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...
JSE: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 resistance
We are gonna have a little pullback on Vodacom, then we continue to go up on this downtrend
A weekly close below the R110/R111 area, is what will likely take us to the 'much anticipated' R100 area.
Bear 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.
Bear flag confirmed - will add on close below R111.75
Waiting patiently for confirmation
JSE: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.
Fundamentals 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!