Based on a multi-month descending triangle
formation and a big earnings
miss, I'm looking to short Verizon at around $56. The short term has a good bullish
candle at the end of last week after bouncing off a long standing horizontal support, but I expect it to bounce again when it hits the descending trend line
at both price and RSI
. Stop loss would be around $58 in case is does break to the upside. Take profit is $50, a 1:3 risk:reward ratio.