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Vodafone Daily Technical Analysis | 9 January 2018

2018-01-09 11:34 am | Resource: Technical Analysis Section | No Views : 314

Vodafone shares broke through 235.38 last week and the stock ended our neutral view. During yesterday's trading, the British stock broke through the 236.90 zones and the stock continued up to 238.71 zones.
Vodafone Daily Technical Analysis | 9 January 2018

So far, the stock failed to break through 238.71 zones due to weak bulls' strength, and the stock is trading in a bullish trend forming on the hourly interval, the moving average and the slow moving average intersecting positively, supporting the buyers in the stock.
Rate of Change 12 The trend line broke during yesterday's trading and the stock is still trading in a bearish direction.
It is expected that if the share of the mobile network breaks to 235 level, the stock might target 231.38 Euros on the other side. If the breach of 238.71 level the stock might target the level of 240.70.
Support: 230.51 - 227.99 - 222.24
Resistance: 238.71 - 240.70 -245.74
Trend: Up

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