Bearish chart formation in Vodacom Group

Expecting a trend reversal on a failed break above the key resistance R 132.00 / R 134.00 levels.
Failure will result in a downward trend to possibly test R 117.50 / R 118.50

Kommentar:

Spot on on the Vodacom!
Watching the name seeing support R 117.50 / R 118.50

Kommentar:

Reached target .. Looking to accumulate at around the R 118.00 R 119.00 levels.
Should offer some medium support!

Kommentar:

Reached target happy to stay short these.. A decent play on the vulnerability of the SA consumer .. stock also getting downgraded today by HSBC