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1 year ago

VOC Communications

Vocus Communications is a leading provider of integrated telecommunications focusing on Internet, Fibre, Ethernet and Data Centre services.

Vocus Communications  with more than 700km of fibre in the ground and more than 1,300 buildings already connected in Australia, plus 4,200 km of fibre in New Zealand—and major plans to continue growing—we make sophisticated, high-performance ICT solutions more accessible than ever for ISP’s, Telcos’s and Enterprise Businesses across Australia and New Zealand.

VOC   The weekly chart of Vocus shows the long term up during 2013 and 2014 has currently moved into a 9 month long consolidation period, with the price range low as the support level of $5.35.

The major resistance level is $6.45, within this range is a minor price resistance level of $6.18, this level has now been crossed in an upward price rise back to the $6.45 major resistance level.

The price move from $5.35 to the resistance of $6.45 has been very strong and indicates the potential for a further price move over this level to the price target of
$7.30.

Stop loss levels should set below the minor resistance level of $6.00.

VOC