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.
It's difficult to know, at any given time, what is happening with Vodafone (VOD). Mergers, acquisitions, sales, purchases, entering new markets, leaving old markets, profits, losses, etc. Which is why I'm going to focus mainly on the technical side of things.
Since 2013 VOD has been in a range between a low of around 190 and a high of around 255. Thus far this...
Entered my first position Long on Vodafone at 194.15 +1,078 shares.
Flip Zone 188.74 - Support Zone 177.62 is a good start to get Long aiming for 234+
I'm getting in now to build Long ahead of the Ex-Div date 7th Jun '18 paying 3rd Aug '18
Will update...........
VODAFONE GROUP, confirmed a bearish trend line for several weeks, also average ratios as a RMA and Ma project that the stock will keep the trend for a couple weeks more. i surely recommend keep an eyes on this stock!!
After today's results, will VOD break away from the Triangle pattern which has been forming since 2014?
On this monthly chart, it's still in an uptrend, so the answer is probably yes.
NOTE: RSI is not supportive though and shows divergence.
-long term trend- uptrend and showing strength
-intermediate timeframe shows trend is in an uptrend but slightly flattening
-volatility is contracting.. pressing up on resistance area of 29.9x
-not paying too much attention to rsi here because of stock showing strong trend strength.
-positive volume pressure being applied
-shorter timeframe is showing price action...
Next chance on catch move down.
Reason to play:
big move price down on Daily chart, first correction and remove at least one previous valley from H1 chart.
This time I will wait higher with sell order, normally open at FIBO 61.8.
I like the current dynamic of Vodafone share and the strong upwards momentum they currently have.
This is still an evolving chart so perhaps a trailing stop would be more appropriate here to avoid being hit large on any pull backs, which I would expect to be spiky like the rebound from the 190 level.
Multidiagonals currently seem to target around the 232 level.
