Poor vodacom - Target hit at R92.00 but very unexpectedly

Um... Ok I did not expect that.

Look Vodacom has been going through a very tough down channel since April 2022. The high was around R160.00.

The downtrend then subsided but started moving in a very eloquent channel with highs and lows.

Well we expected the channel to hit the high and drop down to R92.00. But not in one candle suddenly.

I don't even know if there was enough liquidity to get most people out, but here we are.

So the channel will continue until it breaks. And Range Bounded traders will be thrilled to continue profiting going long and short.

Are you?