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Vodafone Daily Technical Analysis | 18 January 2018

2018-01-18 01:03 pm | Resource: Technical Analysis Section | No Views : 303

Vodafone shares broke yesterday's secondary bullish trend line, and before yesterday's closing, it broke the 225.25 area. This breach was also confirmed, and the British stock failed to breach 231.84, which we mentioned in a report on the 12th of this month.
 
Vodafone Daily Technical Analysis | 18 January 2018

Mobile is still in a downtrend, and the SMA and Slow Moving Average are both negative crosses and this cross was confirmed by breaking the 227.99 area.
Rate of Change 12 Break the trend line during yesterday's trading and is currently moving towards negative saturation areas.
It is expected that if the share of the mobile network breaks to 225.36, the stock might target 222.24 Euros on the other side, if the breach of 228.66 might target the stock level of 230.63
Support: 222.24 - 218.15 - 213.70
Resistance: 227.99 - 230.51 -2238.71
Trend: Down


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