Vodacom 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.
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.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.