Vodafone - 8-year long rising trend line breached

Vodafone shares have breached a long-term rising trend line. We are still away from November close. Prices could drop to 150 area over Q1, 2017 if the monthly candle does confirm a bearish break.

The monthly MACD also shows the bearish momentum is gathering pace, while the RSI too has slipped below 50.00 levels.