Trade summary: Long VOD
Target price: 18000c
Entry: 16500c
Stop loss: 15800c
The price movement has been positive after a stellar trading update that was released by the company this week. From the chart above, the price action gapped lower in September 2017 and drifted lower to its December lows. This opening gap could be closed in days to come, as we believe the momentum should drive it higher and close the gap. For this particular trade there is a risk/reward ratio of 2.14 : 1 should it go in our favour.
Disclaimer: Any opinions, news, research, analyses, prices, or other information contained within this research is provided as general market commentary, and does not constitute investment advice. GT247.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. The content contained within is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
GT247.com: +27 87 940 6101
IT support & help desk: +27 87 940 6107
Client relations (new accounts): +27 87 940 6106
Sales: +27 87 940 6108
