Will Vodafone turn, or will it continue to rise towards 140p?

• Shares +5.5% from recent lows; Broken above 128p.
• Now trading 128.8p (at the time of writing).
• Will the positive momentum continue towards 140p?
• Shares -18.9% from 2019 highs; +5.3% from 2019 lows; -15.8% year-to-date.
• 29 May: UBS says investors betting on a TPG-Vodafone win in Australia
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Vodafone – An Example

Let’s say the trend appeals to you, you think it’s likely to continue. You decide to buy exposure to £10,000 worth of Vodafone using a CFD, at the current price of 128.8p. To do this, you need £2,000.

Let’s assume the Vodafone trend continues to 140p (+8.7%). Your profit would be £870, 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.