VOD LONGVodacom 108 holding signals could bounce decent however if this doesn not hold we could see share going back to 100
5VD trade ideas
$JSEVOD - Vodacom: No Support In Sight, Target 9070Vodacom may be a good company but it has always been a horrible stock for me.
For a stock of its market, it has always displayed bad technical characteristics in terms of trends, patterns, volume etc.
The trend currently is clearly to the downside and without clear historical support, the first downside target is the March 2020 low of 9070.
Short the rallies.
Vodacom Boring range broken down - Target to R75.27Box formation formed over the last 9 months.
It was a boring range and we were waiting for a breakdown.
Which we now have and the direction chosen is DOWN.
200>21>7 - Bearish
RSI<30 - Bearish
Target R75.27
SMC - Buy Side Liquidity Order block formed above the Box Formation.
This is where Smart money has swept buying from dumb retail traders and have sold into it, causing strong downside.
VOD 60min Bullish IdeaVOD broke up out of a Symmetrical triangle pattern and has now today come back to test the breakout level proving a good Risk to reward entry
around the R123.50 level.
Entry : 123.50
stop : 121.50
Target : R126.50
Risk to reward 2:1
VOD daily chart falling wedge+ Lateral supportVOD has been forming a solid base off the R120.00 mark
a break above R132.00 opens up targets to R140.00
Vodacom - Buy zoneVodacom has been trading in a range between 120 - 135. Currently near the bottom of the range which looks like a good area for a long. Stop loss on a close below 116.
Vodacom in no mans land but watch out for BIG Order BlocksI mean...
I guess it's ok for range bounded trading.
Buy at the bottom of the range and sell at the top (short) then swing the other way.
But I guess more importantly, the bigger the range the bigger the Order Block is for when the price breaks out.
There are two Order Blocks that Smart Money will sweep.
Buy Side LIquidity - Where it could sweep it all the buying where they will sell and bring the price down.
Sell side liquidity - where it could seep it all the sells where they will buy to bring the price up.
UNtil we have a confirmed Break above SSL or BSL - it's going range bounded until then.
VODOne of the charts from my note this morning.
Monthly Chart: Can't clear 135, risk sub-116.
I also published charts on Dis-Chem, Mr Price Truworths and Bid Corp.
If interested and for more research insights, including trade ideas, get in touch today.
VODACOM - Still consolidatingPrice continues to grind inside the support zone . (Range)
Daily printed some good volume yesterday and the MACD continues to curl up on the weekly (Positive)
VOD - Long position triggeredJSE:VOD has triggered a long position. This is based off of the stochastic, MACD and EMA's crossing upwards. We are looking at a target at the highs from the end of July 2022.
VODACOM- #VOD #VODACOM #JSEVODACOM
LONG 120 TARGET 125-130
Vodacom has being stuck in a range 120 massive level for bounce love it
VODACOM - Update Vodacom has had a super rally off the back of recent news.
Price currently working on a down trendline, a breakthrough here could open up a decent leg up to next level of R144
$JSEVOD - Vodacom: Etisalat To Investment in Vodacom?I recently covered Vodacom on the 4th of December giving a bullish continuation channel setup.
Breakouts from such channels tend to be more reliable when they occur on high volume.
High volumes tend to have more significant meaning when they come from institutions based on changes in fundamentals or there is new news flow.
Vodacom certainly ticks all these boxes.
On the 7th of December 2022, at 13:42 CAT, Bloomberg ran an article that Emirates Emirates Telecommunications Group is exploring a potential investment in Vodafone Plc’s African business as it seeks to boost its international footprint.
The Vodacom share price has since spiked and closed above the resistance trendline.
A lot can still happen regarding this potential investment and more volatility can be expected as lots of speculation will also take place.
$JSEVOD - Vodacom: Bullish Continuation Channel SetupVodacom stock is not the most exciting share to trade as it is lethargic and does not produce the best technical patterns or wave counts.
A 80% price appreciation from the March 2020 lows has been followed by a currently 29% decline.
Though this decline can be classified as a bear market, there are early signs of a potential turn around.
The price action has been contained in a bull flag pattern and there is convergence between the MACD and price action indicating that selling momentum is waning.
A breakout from the upper resistance trendline, preferably on increased volume, and a break above R132,49 will provide additional signals that the bear is potentially over.
Relative Sector Analysis: Coal Miners & TelcosRelative performance and relative strength is meant to assist traders and investors in understanding the appropriate weighting/positioning versus the overall market. Combined with additional factors, a trader is able to determine whether they should hold an equal weight, underweight and overweight position versus the index. The data below represents the relative ratio charts (equally weighted) of the major sectors of the JSE versus the Top 40.
Each chart is presented with the following annotations:
1. Price with a 2 standard deviation linear regression channel over 200 days.
2. Adjacent to the price chart (right hand side), is the Relative Strength Index for the following periods: 3D, 1W, 21D (1 Month) and 63D (1 Quarter)
VODACOM - Update- Following on from the long idea poste don the 25/10/2022 (link below)
- Price came just shy of the R128 first target
- It will be important to see what price action develops here to see if this leg up can be sustained.
VODACOM - Long IDEAVodacom has reached a key level of interest R118-108 where i'm looking to take a long position.
It also coincides with the 200wma and yearly S1 pivot. Oscillators in oversold territory.
We could possibly see a bounce first up to R128 then R144 if the zone holds.
A daily close below R108 would be viewed as bearish with next support being around R100
Vodacom on the way to under R100Vodacom is confirming more downside to come.
Large H and Shoulders on daily.
Target 1 below R100.00.
Vodacom cutting cords short analysisWhile Telkom is looking Bullish, I can't say the same with Vodacom....
Head and Shoulders pattern formed and broke down.
Bearish
Target R98.16. What are your thoughts?
Vodacom GroupVodacom group has traded on a loss of 10% last month (August) and we have seen the breakout of a bearish engulfing candle on a bearish channel and thus indicating more weakness on the stock. Comment your views below
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Vodacom - Going LongJSE:VOD is showing upward movement based on our 3 momentum indicators. If it trades higher, I will enter a long position.
Vodacom heading downwardsJSE:VOD is showing signs for a downward move. I will enter short at the 153 level.
