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jacobosiason7

Falling Wedge- Bullish

Long
Verizon Communications Inc. (NYSE:VZ)  
jacobosiason7  
NYSE:VZ   Verizon Communications Inc.
Trend Analysis Wedge Technical Indicators Bullish Patterns breakout fib supply_and_demand squeezing beta quadruple witching swing
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trendanalysis wedgepattern indicator bullish breakout fib supply_and_demand squeezing beta quadruple witching swing
Been watching VZ for a while now and has been holding this wedge for quite some time, with quadruple witching coming up on the 17th and September being historically a bad time for equities, a low beta stock like VZ should theoretically outperform the broader markets. (VZ Beta = 0.45). From a technical standpoint, VZ is also looking quite nice, closed yesterday sitting right on its 20-day SMA (not pictured), falling wedge on the 4hour and daily timeframes, Bollinger bands are also squeezing, with volume- should pop. Just some FIB levels & RSI-based supply and demand zones to keep an eye on- Bullish and looking for a breakout.

PT1- $55.70
PT2- $56.33
PT3- $57.82+
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