Opening 2 buy orders on Verizon, the first with a 1:1 R:R, the second up to 1:4.5
Risking 0.5% of capital each
SL under minimum of 52.40
- Doji formation
- GAP to close
- Touching MA200 on daily chart
Short based of channels and fibs
My Entry: 63.50 - 64.50 (any entry in that range is okay)
Stop Loss: 66.02
Ive been planning this trade for the past 3 weeks and it is finally coming to fruition. The reason the r/r out of the gate is slightly under 1:3 is because I would rather keep my inital stop slightly looser, so that in...
Second half of the year has already been projected by various telecom companies and suppliers to be strong and accelerated compared to the first half. Seasonally weak Q1 numbers came in almost across the board. However, NPTN managed to not do as badly as most had anticipated, hence the growth in March fueled by positive sentiment that momentum was returning.
We see a Cup and Handle pattern starting on the 10/30/17 selloff when they announced that the merger between NASDAQ:TMUS and NYSE:S was officially off after years of talk. Once price recovered and hit the $62s level again on 11/27/17, we see a slight decline, as people who bought in at that level were looking to get out. The price is finally back at the mid $62s...
VZ has had a good run, while other tech stocks plummet, VZ seems to be holding on to its lead. This is the third time it battles with the $50 mark, while it's latest cycle downward has bounced and hit this resistance line. If resistance is broken and VZ actually closes above the 50%, we can see good upward movement. However, expect stock to linger, perhaps...
The company has been under immense pressure overcoming spectrum crunch and stiff competition in a saturated market.
Verizon's purchase of Yahoo!'s services will allow the company to boost its online offerings and penetrate a new market.
The company's new prepaid offering will aid revenue streams as well.
Weaknesses in the company is impact from Hurricane...