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Lazyblob
Jan 24, 2024 10:21 PM

Verizon Price Continuation  Long

Verizon Communications Inc.NYSE

Description

Price has passed the 50 day and 100 day sma
Volume near ma volume
Macd bullish
rsi bullish


DMI, +DI recent cross with adx and -DI. bullish
+DI trending up, -DI trending down
ADL and PVT in line with price action, supporting trend


Bullish Divergent ROC and CMF

Momentum Acceleration: The positive progression in ROC suggests an acceleration in momentum, potentially signaling increased buying interest.

Money Flow Increase: The rising CMF indicates growing buying pressure, supporting the idea that money is flowing into the security.



Price recently broke through the VP resistance, and then retested on the VP as support.
Ichimoku Leading Span A crossed Leading SPan B, also price went through the cloud

Chaikin Osc postive, trending up


Comments
Skipper86
You're looking at a lot of good indicators but your downtrend line position is bugging me. It should line up with the peaks as much as possible.
Lazyblob
@Skipper86 I like to color outside the lines and lose lots of money in the stock market so
Lazyblob
@Skipper86 you could be on to something
Lazyblob
Forgot the biggest indicator. I think its going up, and that's a bearish signal.
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