MaryJane
Long

Verizon on its way up to the AlltimeHigh?

NYSE:VZ   VERIZON COMMUNICATIONS INC
87 0 24
Verizon was traded in a very volatil sidewards-range between 2013 and 2016. The little selloff under the several times tested Support levelat 45,5$ formed a bullish H&S Pattern. This false Breakout was a very good basis for the break of the downtrend and the youngest rally to the big resistance Level at 54$. Verizon tested this niveau three times - and all good things come in threes!
Now several trading ideas appear:

-Anticyclical Long Position: Entry now (@ 38,2 fibo from the latest swing) with SL below the downtrends upper edge at 49$ or 47,5$ ( sma 200) TP could be 54,5 (former High)
-Cyclical Long Position: Stoppbuy above the BIG Resistance Level ( 53,8-54,5), SL 52$ and TP 62$
-Short Position: Entry below the downtrends upper edge @ 48,5/SL 51,5 and TP 38,5

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Trade closed: target reached: The longposition was the right one...tp reached. -Anticyclical Long Position: Entry now (@ 38,2 fibo from the latest swing) with SL below the downtrends upper edge at 49$ or 47,5$ ( sma 200) TP could be 54,5 (former High)
Comment: now the BIG LONGSIGNAL appeared
snapshot
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