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Prepare to hang up on Vodafone

Mobile giant Vodafone's share price has traded within that blue triangular pattern for more than five years, creating two obvious opportunities, says Ragu Dharmaratnam of Baselica.

Any clear breakout above 185p should be bought, whereas any drop below 165p represents a short-selling opportunity. Going by the state of Vodafone's MACD oscillator, a downward move is the most likely.

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By Ragu Dharmaratnam,
25 April 2012

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