VODACOM - Long IDEA

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Vodacom has reached a key level of interest R118-108 where i'm looking to take a long position.

It also coincides with the 200wma and yearly S1 pivot. Oscillators in oversold territory.

We could possibly see a bounce first up to R128 then R144 if the zone holds.

A daily close below R108 would be viewed as bearish with next support being around R100

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