Will Vodafone break support, or will it rise to 144p?

• 144-138p range since November; Now trades 139p (at time of writing)
• Will the pattern repeat itself, testing the 144p resistance?
• Shares -12.3% from 2019 highs; +6.2% from 2019 lows; -9% year-to-date.
• 18 Apr: Vodafone’s fourth quarter was likely difficult as it faced tough year-earlier comparative figures in Germany, its largest market, and pressures in Italy and Spain, Credit Suisse says.
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Vodafone – An Example

Let’s say you like the range, you think it’s heading back towards 144p again. You decide to buy exposure to £10,000 worth of NMC using a CFD, at the current price of 139p. To do this, you need £2,000.

Let’s assume NMC recovers to 144p (3.5%). Your profit would be £350, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 1% from the current price. Vodafone rises 3% and hits your stop-loss. Your loss would be £100.

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