Mornau-Research

VZ - Can you hear me now?

Long
NYSE:VZ   VERIZON COMMUNICATIONS
Welcome back to another dow30 analysis, this time we take a look at Verizon! NYSE:VZ

Verizon is one of the most popular tech-company in the united states and also holds a place in the dow.
Since the bottom in march Verizon could gain atleast 23%, compared to apple or microsoft , this doesn't seem that much.
In the long term, the growth opportunities in Verizon are much higher and prices of 120 are possible in the next few years.

Expected scenario
Verizon has just completed green wave 1 and is in an ABC correction which will bring us to prices under 59$.
A low will form in this area and Verizon will start its journey to higher prices. In the next months and years we could reach prices over 120$ or even more, so stay tuned!

Alternative scenario
If Verizon breaks the red resistance line, we will start to much higher prices and we won't see a bigger correction in the next days.
If this should happen in the next few days I will look for a profitable entry.

Regardless of which scenario comes to pass, I will go long soon.
If you should have any questions or want to get signals before i publish them on tradingview, feel free to contact me.

Comments

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