Vodafone @ 122p

Vodafone is the 2nd Largest stock on the FTSE by market cap.

The shares have traded in a 25% range between 148p on 11th Jan and 112p on 11th March.

Vodafone hit a HIGH 9 years ago @ 400p in March 2000 and a low of 78p in Sept 2002.

The shares have not closed below 120p on a monthly basis since October 2006.

The technicals on a Hourly, Daily, Weekly and Monthly basis are
H MACD(-0.8) STOC (58) RSI (40) 5ema (122p) 50ema (124p)
D MACD(0.4) STOC (22) RSI (49) 5ema (124p) 50ema (124p)
W MACD(-3)STOC (47) RSI (48) 5ema (122p) 50ema (133p)
M MACD(-7)STOC (42) RSI (42) 5ema (126p) 50ema (142p)

Last BUY signal was triggered on 16th March @ 120p
Last SELL signal was triggered on 13th Jan @ 136p

Support levels are 94p and 113p
Resistance levels are 130p and 140p

Set a long term BUY @ 80-95p and SELL @ 148-156p

Last 10 days trading range 114-132p

Retest of 118-120p to BUY should push the shares up to resistance at 138p

Plan to BUY @ 118p with stop/loss at 113p and target 138p.