Stock Technical indicators to notice in VODAFONE GRP (VODE.DU)
1- Last bearish trend was from 2.11 $ (4/4/2012) to 2.04 $ (4/13/2012) a 0.07 $ move 2- The current bullish trend started from 2.04 $ at 4/13/2012 and is currently trading at 2.11 $.
4- VODE.DU current resistance level is at 2.13 which is the 127.20 % fibonacci retracement of the last 0.07 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
6- Bearish Divergance in MACD Indicator .
VODAFONE GRP (VODE.DU) Short term stock chart patterns for internet stock trading :
7- The Stock formed a 0.150 $ height triangle which was broken up at 2.110, target of the pattern is 2.260.
VODAFONE GRP (VODE.DU) Mid term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 1.930 and 1.820 that was broken down at 2.070 transforming into a resistance line.
VODAFONE GRP (VODE.DU) Long term stock chart patterns for internet stock trading :
9- The Stock traded in a bullish stock channel identifed by support at 1.930 and 1.780,resistance between 2.140 and 1.970 which was broken down at 2.050.
Stock Trading Conclusion:
VODAFONE GRP (VODE.DU) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .
Stock Resistance Levels : 2.13, 2.15, 2.16, 2.21, 2.26.
Stock Support levels : 2.09, 2.09, 2.08, 2.07, 2.07, 2.06, 2.04,.
