Vodafone Group Plc : A buying opportunity
Entry price | Target | Stop-loss | Potential |
---|
GBX 217.75 |
GBX 0 |
GBX 204.8 |
-100% |
---|
The timing seems opportune to open a long position on the security.
Fundamentals confirm the good health of the stock as analysts revisions are gradually higher concerning earnings per share. The average target price set by analysts suggests a 8.2% appreciation potential.
Technically, the uptrend in the medium and long term should cover the equity of a major downtrend. In the short term, the recent decline lead the share on the GBp 215.4 support, threshold tested before and likely to allow a significant technical rebound.
Consequently, most active investors could buy the equity near this price, targeting a return to GBp 239.9. A stop-loss order will be placed under the GBp 215.4 support.
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