Insights for July 2018

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Vodafone Plc. is a avoid at the current price. The stock finished trading on the London stock exchange on 19th July at 175.0p a share, down by 1.27%.  In terms of technical analysis or charting, the stock has been nonstop making lower highs and lower lows and also has been trading on the downward trend line which further confirms the bearish sentiment of the telecom major. Currently, the stock has been trading below its 20 day moving average (DMA), 50 DMA and 100 DMA of 183.7p, 189.2p and 196.6 p respectively. Considering the free-fall of the stock, it doesn’t look like that stock will be taking support anytime soon in the coming days and we expect the free-fall to continue. Hence, traders or investors would be strictly advice to stay away from the stock as consolidation doesn’t look like soon. 

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Topics: Analysis
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