$JSEVOD Vodacom testing the declining trendline

19 Ara 2018

Vodacom is busy testing the declining trend line today which has been in place since about July of this year. Still looks to resemble a flat bottom triangle, with a closure below R118.00 confirming the pattern. Target from this pattern would then be R95.00. An entry here would be very much pre-emptive but skews the risk / reward highly in your favour. Wait for a reversal off this R129-R130 level to enter.