Vodacom has consolidated but after reaching the overbought trendline of the downward stride there was a clear change of character indicating weakness. The break of the TR range could indicate more downside to come.
Note
After some consolidation at the bottom of the TR we see some increase in volatility and declining volume. The markdown could be ready to start.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.