Join our community of smart investors

IC Trades: Vodafone

Vodafone still ringing up the gains

Having easily overcome the barrier around 169p, Vodafone is headed for historic resistance around 179p.


With the price touching its upper Bollinger band and the daily RSI nearing 70, the likelihood of a brief pullback or consolidation is rising. Despite these overbought readings, there's no reason to abandon long positions yet.

Last IC fundamental view: Long-term buy, 156p,

IC Trades are chart-based trading calls devised by IC writers. City Trades are trading ideas from selected external contributors. Both are based on interpreting various parameters on a share price chart, rather than on a detailed analysis of the company's business prospects. More trading ideas are available on the Tips page