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Vodafone Daily Technical Analysis | 22 January 2018

2018-01-22 07:17 am | Resource: Technical Analysis Section | No Views : 332

Currently, Vodafone shares are trading in an intraday direction on the hourly interval as a result of trading within a bullish rectangular banner pattern that the stock has been forming since last Thursday as a breach of the 231.84 area as mentioned earlier.

Vodafone Daily Technical Analysis | 22 January 2018

The SMA has crossed negatively with the slow moving average and is still supporting the sellers.
The rate of change 12 is moderating in a bearish direction in general and currently our neutral view of trading is near the ascending trend line in formation.
It is expected that, if the share of the mobile network to the level of 231.51 may target the stock 217.17 euros on the other side, if the breach of the level of 226.27 may target the stock level of 230.51.
Support: 222.24 - 218.15 - 213.70
Resistance: 227.99 - 230.51 -2238.71
Trend: Sideway

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