Its possible $VZ could go long, falling wedge has appeared and price has started to breakout. Its possible that it could be a FAKE OUT, also price is near $VZ's high. Potential target is $61 - $61.40
this gives consolidation a whole new meaning. 20 dollar move to the upside in the past 8-10 years! wow ! i feel sorry for any longs here. even though the charts a uptrend i am bearish. yikes long right here. thank you for your time! leave a like if you found this helpful ! <3
Lots like VZ for the yield.
For some reason VZ seems to struggle a lot of the time.
NV is high Short interest is low
Seems to be recovering from it's fall from the bearish rising wedge
Just an observation
VZ - It is in WXY double zigzag correction and underperforming the SPX. The drop was completed A of Y wave and correcting up in B wave, which would expected to finish near 57.50 level. Sell for C wave down as the final cycle of Y wave in that zone.
Give thumbs up if you really like the trade idea.
$VZ posted less than expected earning with the PEAD projecting a neutral outlook for the stock price, Currently the price is trading just above the upper boundary of the PEAD cone.
Hi guys,
for this iron condor we have 2 weeks and 5% strike.
Reward risk ratio is quite decent, but I prefer to place a pending order to get some more premium.
Enjoy your wallet!
Tari.
NOTES
Verizon has surprisingly tanked after the new 5G announcement that came-out, overall, it wasn't too surprising. We're without a doubt in short term bearish sentiment for the stock. However this sentiment appears to be coming after a very decent impulse wave rally (not the traditional pattern, appears to be a Moving Ending Diagonal Impulse with converging...
Long term Uptrend,
Reversal candle at support
Entry 58.5
Stop 57.4
Target 61.5; reward:risk=3:1
Earning 10/21/2020,
I am not a PRO trader. I need few months to practice trading strategies.
If you like this idea, please use SIM/Demo account to try it, until my trading plans get high winning rate.
