Vodafone Shares Climb on Positive Earnings Forecast

Vodafone (LSE: VOD) still remains one of a few UK shares that is worth buying ahead of the Brexit vote this summer, as telecoms continues to be one industry reporting robust growth despite economic uncertainty. Vodafone is expecting service revenues to have risen by 1.6% to £9.5bn in the final quarter with the largest share of the growth forecast to come from its emerging market business. On the hourly chart, the stock closed the last session at 2.2360. Even though the last candle shows a slight dip in prices, the bullish trend is confirmed by other indicators. RSI has surpassed the average level to 55.66, indicating that the stock may keep going up further.

Trade suggestion

Buy at 2.2360, Stop loss at 2.2264, Take profit at 2.2455

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