Order BUY VZ NYSE Stop 39.72 LMT 39.72 will be automatically canceled at 20230401 01:00:00 EST
VZ daily bullish hammer wave 4 of downtrend closing above local trendline. Expect push into 50% Fibopnacci retracement. Countertrend and earnings are close. Super quick.
On August 15th it became known that Berkshire Hathaway dumped its Verizon Communications, Inc. position and since then the stock has lost about 13.5%. While I do see this as an overall headwind for the stock it could be due for a bounce and looking over the monthly chart IF a bounce was to occur it would in the $39 area as we are about to test a very long term...
bounce from here is most likely scenario since support held for so long, but if we break below puts/shorting in general can payout big!
better to wait for clear trigger, watching for more downside below 40.50/long trigger is 46.37
Verizon Communications, Inc. is a holding company, which engages in the provision of communications, information, and entertainment products and services to consumers, businesses, and governmental agencies. It operates through the Verizon Consumer Group (Consumer) and Verizon Business Group (Business) segments. The Consumer segment provides consumer-focused...
An uptrend in diluted EPS (earnings per share) is overlaid on top of price and is indicated by the teal trend channel which price also follows. Price has dropped outside of this channel and can be considered out of place, needing to rise to get back in line with actual company performance.
Auxiliary arguments:
Price is at bottom of long-term price range.
PE...
Anyway, we are shorting it.
Goals49. One only.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely...
The PEAD projected a Neutral outlook for $VZ after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 70%.
Long term double top on VZ, PT -10 (0). Pretty self explanatory.
Makes sense Verizon eventually dies out. Very inefficient, high management costs, dwindling growth, towers (aging tech). Nothing to offer over the very cheap carriers other than the brand name. Plus Google just started competing with them with much more efficient satellites. It seems very inevitable...
Buy (Entry Price) above the black line and exit (Stop Loss) below the red line. Can take profit at the suggested Target Price.
Entry Price: $51.03
Target Price: $51.55
Stop Loss: $50.57
Looking at the Verizon Communications VZ options chain today, i would buy the $45 puts with
2022-9-16 expiration date for about
$0.33 premium.
Looking forward to read your opinion about it.
No fed pumping in 2021. Spent much of 2021 in a downtrend while exceeding earnings expectations. In 2022 PE ratios will fall making VZ P/E ratio 10 attractive. Expect its April started uptrend to continue until large cap overall P/E comes down.
Verizon has a dominant trend line in green
A have included a few chart patterns
I expect bullish continuation as indicated by the double curve above the green line
