Vodafone has been trending down , however I think we are at a potential impasse of a good opportunity to minimise risk and open a countertrend / long position .
Recently Vodafone has made a deal with IBM for the 5G plans , meaning they´re not sitting still to let other telecom companies take over the market. They are maintaining their strong dividend yield over 2019 and are still one of the biggest telecom companies around the world.
We are currently forming a double bottom on this break of news and have a potential higher low forming and pending break of the 2018 trendline.
Recently Vodafone has made a deal with IBM for the 5G plans , meaning they´re not sitting still to let other telecom companies take over the market. They are maintaining their strong dividend yield over 2019 and are still one of the biggest telecom companies around the world.
We are currently forming a double bottom on this break of news and have a potential higher low forming and pending break of the 2018 trendline.