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Apollo_CB
Nov 22, 2023 3:33 PM

VZ weekly cup and handle forms  Long

Verizon Communications Inc.NYSE

Description

VZ is my largest single holding for the long-term account for a variety of reasons that I have slowly discussed through these charts over the months. This uptrend has provided some multiple expansion alongside the ~8% dividend which heavily outperforms money market currently. The emas are starting to curl upward alongside a rising weekly RSI. The dashed green is where the handle would finish forming in my opinion assuming the stock even decides to drop. I believe value stocks are going to be the performers in the coming months. The level is right above a fib level as additional support. I think we grind to the golden .5 fib level in the coming months with a 42$ target by spring.
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