Continuing with our Daily Analysis requested from followers... today we have Vodafone where after mapping out the key levels we can see potential for a sell off to 82.00 region.
LSE:VOD has been in a steady decline since 26 July 2022 declining 16.62% from VRVP point of control.
The price is hitting old support, accumulation levels over the past 2 years and is highly reluctant to break through. Also, price at 106.64 has entered Medium volume VRVP Nodes with not much institutional interest to push the price levels into low level nodes....
A Bollinger Band Squeeze might support further upside price potential.
See the previous occurrence of such a squeeze as highlighted by the blue circle. E similar price action is expected.
A price action above 128.00 supports a bullish trend direction.
Crossing below this level will negate the bullish stance.
Crossing above 131.20 might target 134.40.
Crossing...
The ascending triangle started to form at the start of the pandemic restrictions. Not fully formed yet, it is in a downtrend and therefore it's possible it will head lower. Wait and see. Fundamental factors are: cost of living, recession, a takeover/bid, inflation, interest rates (cost of capital) -
Lots to think about.
All, Vodafone Group is preparing to go up from 17 to 23 in the time frame from December 2022 to March 2023, given that the market holds and that Vodafone continues to put out good quarterly reports. From 2020 to the present time Vodafone Groups financial quarterly reports have met all financial targets of management turnaround of the company. The stock price of...
Vodafone Group is looking real good on the weekly, the 20, 50, 100 wk (weekly) MA's are converging, not shown on this plot but so is the 200wk converging. Vod is likely to break out. Next price target will be the 200m (month) MA, it will take a couple of years to get there though.
Trendline Break
Entry 15.7
Stop 14.5
Target 20
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
Too early to say yet but this power earnings gap is a positive step.
Like BT, Vodafone has been suffering a significant downtrend, but it may be coming out of it. Wait and see.
NASDAQ:VOD
head and shoulders pattern
Red is left shoulder, blue is right shoulder, black is head.
RTM Theory black is engulfing bar.
10.56 pivot point.
38.2% & POSSIBLE 61.8% Retracement LONG GWAVE.
FIB Retracement Percentage is calculated in a Higher Cartesian and or Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS.
38.2% & POSSIBLE 61.8% Retracement LONG GWAVE.
FIB Retracement Percentage is calculated in a Higher Cartesian and or Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS.
Price has had multiple inside days following the dividend day decline.
Price basing with lows around 120.50 area.
Do analysts still see value in Vodafone and keen to drive price higher?
A break of the 120.50-120 area could see price rotate lower.
However, price hs shown a reluctance for any moves lower as the market participants remain indecisive.
Who is...
NASDAQ:VOD
Possible Scenario: LONG
Evidence: Price Action
TP1: 18$
TP2: 19.5$
Call options, Strike 19$, 06/18/21
Call options, Strike 19$, 10/15/21
* This is my idea and could be wrong 100%.
