VOD might break the triangle pattern formed since 2014.
It's now below its 50 month moving average.
Stochastic also trending lower.
BUT - 200p resistance was established in 2007 and 2001, and has to break that to head lower.
This may be my very first chart analysic so far, chaotic and wild, but might give a rough idea of what I think can happen.
Price swings in a area supported on 17.16 and limited on 19.50. Two sub-areas can be identified such as the Cyan's and Yellow's where price, on a 20D period, goes sideways.
Centrica: Will this be a H&S reversal?
H&S island formed at CNA.
Will there be some substantive news in the future that
causes CNA to gap up as well to complete the Island reversal?
MBH is forming a decade long ascending triangle.
No breakout yet, but can it break 100p?
Good results show potential for a bullish move,
but the pattern is soon to be completed.
Need to check in 12 months from now.
