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Vodafone Daily Technical Analysis | 3 January 2018

2018-01-03 10:57 am | Resource: Technical Analysis Section | No Views : 319

We have a neutral view of Vodafone's share trading as the UK share trades between 234.75 and 232.83 and also breaking the bullish trend line on the hourly interval without confirming it supports our neutral view of the stock.

Vodafone Daily Technical Analysis | 3 January 2018

The SMA, the slow moving average, and the long-term moving average are intertwined with the movement of the stock, so their signal is neutral.
The rate of change 12 is trading in a major bearish direction while our short term view is neutral on the index.
It is expected that, if the share of the mobile network to the level of 232.83 may target the stock 225.14 euros, while in the case of a breach of 235.35 level may target the stock level of 240.70.
Support: 230.51 - 227.99 - 222.24
Resistance: 238.71 - 240.70 -245.74
Trend: neutral


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