Technical Trade note on Vodacom Group Limited (VOD) - 11 September 2018



With the spotlight firmly on the telecoms sector over the last couple of weeks, Vodacom Group Limited (VOD) might be set for another leg lower.

Looking at the chart below we can see a head and shoulders (H&S) pattern had formed with a breakdown through the 12360c neckline level. The price action moved higher, retesting the neckline and breaking down lower which might just give us a great entry point.

In this note you will find the trade summary with entry point, stop loss and take profit as well as the chart technicals.

Trade: Vodacom Group Limited (VOD)

  • Entry (Sell): 12066c
  • Stop loss: 12360c
  • Target price: 11732c

Screen Shot 2018-09-11 at 09.00.40

Chart Source: Bloomberg


Trade Now!


Trade Wars GT247.COM

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. 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.