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Vodafone Daily Technical Analysis | 5 December 2017

2017-12-05 10:44 am | Resource: Technical Analysis Section | No Views : 298

Vodafone failed to break above 230.70 late last month, leading to a strong fall to 223.28 euros.

Vodafone Daily Technical Analysis | 5 December 2017 

Our neutral view of the trading price of the mobile network shares 226.70 to 223.10 areas, and the moving average and the slow moving average and finally long-term neutral signal due to interference with the movement of the stock.
The rate of change fluctuates between the top and bottom levels as shown in the chart above without exceeding these areas and therefore our view is neutral.
It is expected that in the case of a break of the mobile network level of 223.10 may target the stock 215.92 euros, while in the case of penetration level of 226.70 may target the share level of 229.60.
Support: 222.24 - 218.15 - 213.70
Resistance: 230.70 - 233.34 -240.00
Trend: Down


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