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RossLarter
May 25, 2020 2:25 PM

Vodacom - Bearish Engulfing candle pattern forming Short

VODACOM GROUP LTDJSE

Description

The market doesn't seem to have reacted well to the restructuring of JSE:VOD today and has formed a massive bearish engulfing candle with today's move. Along with this, it has broken the upward trend it has been following since mid March. If it trades lower tomorrow, I might consider a short position.
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