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Trading idea for today: Vodafone Group PLC (LSE)

07.10.2021

Market Review

#VOD

The descending wave patterns are truncated. The Awesome Oscillator shows a bullish divergence, while the Stochastic Oscillator signals oversold conditions.

Trading idea:

Buy when an ascending wave pattern is formed, where the wave (A) breaks through the inclined channel of the internal descending pattern.

Stop Loss: below the local minimum.

Target levels: 1.2025; 1.2350; 1.3200.

Author: GC
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