If Verizon can close over the long term trend line, there’s a chance we could see the first blue line target next week. Good looking green cloud support forming on the right. Fairly positive earnings today could give the stock the boost it needs. Good volume this AM. Playing the 58$ calls into next week. Good luck if you play!
Looking for a head fake reversal signal.
price is getting lower highs as rsi stays the same
possible continuation short
price target 52.07 - 54.46
after upcoming earnings
Hi friends
the daily chart of this market shows with a strong probability of a downward trend in the coming days but we must at the same time be vigilant of reversal of this market towards the opposite direction
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VZ is making a double bottom within the designated channel. Using Fibonacci Retracement levels, we see the support at $53.5, seems to align well with the 38.2% level.
Because the 61.8% level was broken, I expect the path of least resistance to be higher.
We're just super bearish at this point and are looking at VZ as our next victim.
Short term drop down to peak COVID levels. Panic is sinking in and these in-person stores will be the first to go.
With Apple already closing stores in hotspots around the country, would Verizon follow suit?
We're also at our support and thus could bounce back up.
Hello Traders Investors And Community, welcome to this analysis where we are looking at the recent events, the current price-structure and what we can expect the next times from VZ which is a company in the communication industry that is sending some interesting signals at the moment which can be measured with a trade on the short-side when confirmed. The stock is...
VZ ascending triangle from march lows. reaching significant levels 58.xx , if that is broken then a move up to POC at 60.2x would be ideal. Holding the cloud top and trend line, with volume we should look for break
Using EMA144 as support
Entry: 56
Stop: 54; Below EMA144
Target: 62; risk/reward=1:3
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Hello traders,
Description of the analysis:
Verizon s/r zones, gray supports are good for investment. Trade what you understand, trade carefully and sparingly according to the business plan.
About me:
Hi, my name is Jacob Kovarik and I´m trading on stock exchange since 2008. I started with a capital of 3000 USD. My first strategy was based on OTM options....
the price is above the VWAP but already hit the resistance line and now doing a pull back to the FEBB RECT LINE wait for the sign ( squeezing , springbox candle ) then go FOR LONG
Falling Wedge + Dynamic Support + Divergence + Momentum
VZ is not giving us a high quality setup entry yet. To many conflicting indicators. Wait for a break of the Falling Wedge to confirm Bullish or Bearish bias.
