Technician
Long

Verizon: Potential Bullish Resumption

NYSE:VZ   VERIZON COMMUNICATIONS INC
252 0 3
Shares have been pushing lower within the recent months, however the pullback remains a technical retest to the broken main resistance around 45.50-46.00 areas.

-The latest retest last week was also re-bought, with huge volume levels.
-The price forms another pin bar at the to-year moving average .

The odds in favor of a rebound in Verizon, probably for a long term opportunity, targets start at 54.25-recent swing high.
- A break below 45.00 will probably signal strong downside.

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