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Vodafone Daily Technical Analysis | 6 February 2018

2018-02-06 07:08 am | Resource: Technical Analysis Section | No Views : 300

Vodafone shares broke the 211.67 support area during yesterday's trading as a result of the sellers' pressure on the English stock following the failure of the stock to penetrate the resistance area 222.24 during the last trading sessions last week.

Vodafone Daily Technical Analysis | 6 February 2018 

The red network is still trading in a bearish trend in formation, the moving average and the slow moving average have crossed negative again but without confirmation.
The index of the rate of change 12 is trading in a bearish trend in the configuration and during yesterday's trading the indicator broke the ascending trend line which supports the bear.
It is expected that if the share of the mobile network breaks to 210.92, the stock may target 205.07 Euro while in case of breach of 225.20, the stock might target 222.24.
Support: 210.92 - 205.07 - 201.23
Resistance: 222.24 - 227.99 - 230.51
Trend: Down


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