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Apollo_CB
Feb 7, 2024 4:47 PM

VZ rejection Short

Verizon Communications Inc.NYSE

Description

VZ rejected the golden fib. I marked two downside targets that have a fair amount of price action. If we lose the OBV trend we will likely hit both. This makes sense as VZ corrects on a major run from last year. The dividend alone outperforms money market, I expect people to flock to value this year as tech is way overheated and rates will eventually drop.
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