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Vodafone Daily Technical Analysis | 22 December 2017

2017-12-22 11:01 am | Resource: Technical Analysis Section | No Views : 304

Vodafone shares broke the minor downtrend line on the hourly interval as buyers pressured the English stock, with the stock approaching the 238.71 resistance level.

Vodafone Daily Technical Analysis | 22 December 2017

The stock is trading in a bullish direction and the SMA is positively intersecting with the slow moving average. This cross was confirmed by breaking the 233 level.
The rate of change has broken through the bearish trend line during yesterday's trading and currently the index is trading above zero.
It is expected that in the case of a break of the red network level of 236.90 may target the stock 240.70 euros on the other side, in the case of breaking the level of 230.51 may target the stock level of 222.24.
Support: 230.51 - 222.24 - 218.15
Resistance: 238.71 - 240.70 -245.74
Trend: Up


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