Will Vodafone break support, or will it rise again back to 170p?

• Shallow rising support at 146p since  late Oct; Now 150p (at time of writing).
• Will the pattern repeat itself? Will the shares bounce off support again?
• Shares -37.8% from 2018 highs; +4.6% from 2018 lows; -1.9% year-to-date.
• 17 Jan: IBM, Vodafone 8yr $500m venture to co-develop new digital solutions
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Vodafone – An Example

Let’s say you like the Vodafone chart and you think the price is heading back towards 170p again. You decide to buy exposure to £10,000 worth of Vodafone using a CFD, at the current price of 150p. To do this, you need £2,000.

Let’s assume Vodafone rises back to 170p (+13.3%). Your profit would be £1330, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 3% from the current price. Vodafone falls 3% and hits your stop-loss. Your loss would be £300.

This is provided for information purposes only. It should not be taken as a recommendation.