Share will probably gap lower. Intention to have a go short and close out at EOD.
The market doesn't seem to have reacted well to the restructuring of JSE:VOD today and has formed a massive bearish engulfing candle with today's move. Along with this, it has broken the upward trend it has been following since mid March. If it trades lower tomorrow, I might consider a short position.
JSE:VOD is showing an bullish engulfing candle pattern at a support level. We can anticipate an upswing if the pattern plays out.
JSE:VOD is showing an engulfing candle at a support level and is looking good for a long position.
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.
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.
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....
This stock recently broke out of a descending trendline,and is currently retesting either the trendline itself or a support zone. I am of the opinion that t his stock will resume going up once enough buyers enter the market. Traders can possibly look to enter a long position at the 9 615 level, which rep [resents a support level.
$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...
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
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!
Vodacom is a leading African communications company providing a wide range of communication services, including mobile voice, messaging, data, financial and converged services to over 103 million (including Safaricom) customers. From Vodacom's roots in South Africa, they have grown their mobile network business to include operations in Tanzania, the DRC,...