Verizon (VZ) is showing strong bullish signals and an ascending triangle pattern. It is currently at a great entry point. This is a good 10-20 day trade (somewhere between a swing a medium term play). Strategy: - Enter LONG immediately. Set price target just below previous peak at $54.50. Set stop loss below support line at $48 (can be adjusted based on time...
Verizon is in a corrective phase, i'm expecting more upside when this correction is completed.
Verizone is gone. May be some new highs coming in and that is why I kept the red line dotted. Once the top is in and uptrend is gone, guess what? Needs to fall. In few months though as it is monthly chart. The bottom red line may act as a guide in future but only time can say. Thanks. techcrunch.com
At least stock price wise, not all is looking good for Verizon... Trading between macro means on long term basis, price signalling uncertainty. Price has recently failed 5-year mean at 44 and is now between it and 10-year mean at 38. No trend on macro basis is an outlier, indicating that currently long term institutional investors are unsure regarding this...