VOD might break the triangle pattern formed since 2014. It's now below its 50 month moving average. Stochastic also trending lower. BUT - 200p resistance was established in 2007 and 2001, and has to break that to head lower.
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So far so bearish.
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Still bearish and has just broken Oct 2014 support of 179
Hi @Abrewster Sometimes what you see in the chart, I've missed. However, the stochastic is tending downwards and despite the higher highs and lows, there's room to doubt a bullish move. Another bearish indicator is on the weekly chart where the price is below the 200 and 50 day moving averages. Another bearish reason: Recently it fell to 190 and retested 215 a few weeks ago before falling again today. Let's see what happens, and thanks for your comment.
UnknownUnicorn1116881
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@andmk2, hi, you may well be right. If you want to be right I could just buy shares in Vodafone and usually the next day the price will plummet! lets review this in a couple months. Thanks
andmk2
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@Abrewster, Thanks. In my trading journey I've gone past being right and wrong. VOD can go up, down or range. So time will tell, and (as you say) we can compare note in the next couple of months.
andmk2
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@Abrewster, Hi and hope you're well. Quick review: VOD's still bearish and market has not marked shares either way after today's results. I'm sure there will be a turnaround, but for now the direction is lower.
UnknownUnicorn1116881
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@andmk2, Hi, yes you got the job sussed for Vodafone. I won't disagree with you for the next couple months!
andmk2
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@Abrewster, Well, I also get it wrong lots of times.
UnknownUnicorn1116881
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Hi, I am personally Bullish with Vodafone over the next 6-12 months I see higher Highs and Higher lows on your chat. Especially now in 2018.