Buy Vodafone for a fresh run at the January highs
This may not be the most exciting call we’ll ever make, but it’s got legs for the patient, is in line with the bull trend for the overall Index, and has a number of things in its favour.
There is a gap at 231.85 which worries me as a potential resistance.
MACD agrees, having recently crossed to give a buy signal.
Entry: Buy above 225.
Stop: Below 219, or below 215 if you want to give it a bit more “rope”.
Targets: 231, 245 and 278.
Time horizon: One to three months
Daily bar chart
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