Vodacom Trade Idea:
Previously we had flagged 11625c as a buy/long level. The price has since run up strongly and I think it may be time to reverse course as the share trades at resistance, appearing overextended in the short term.
Category: Short Term Active
Trading Plan:
Short/Sell VOD at current levels 12719
Use a stop-loss of 12950 to protect capital
Take profit at or near 12270
Previously we had flagged 11625c as a buy/long level. The price has since run up strongly and I think it may be time to reverse course as the share trades at resistance, appearing overextended in the short term.
Category: Short Term Active
Trading Plan:
Short/Sell VOD at current levels 12719
Use a stop-loss of 12950 to protect capital
Take profit at or near 12270