VZ ๐ The Master Plan (Analysis)Asset: Verizon Communications Inc. (
VZ) - NYSEStrategy: Bullish Swing Trade - "The Pullback Payday"
The charts are whispering a story of strength! We've identified a classic Bullish Pullback confirmed by a dip into a key moving average support zone. ๐
More importantly, the Volume & RSI are painting a picture of Accumulation. This means the big players (the real "OGs") are quietly loading up, giving the bulls the strength to dominate the next leg up. ๐ช
๐ฏ The Heist Blueprint (Trade Setup)
ENTRY: Any strategic price level on a confirmed bounce from the pullback. (No FOMO, wait for your shot!)
STOP LOSS (The Escape Route): My personal thief-style SL is set far below at $39.00. This is where the thesis breaks. โ ๏ธ Note: This is MY SL. You are the captain of your own ship; manage your risk accordingly!
TAKE PROFIT (The Getaway): Our target is the $43.00 zone. Why? Because that's where the "Police Force" is waiting:
A strong Triangular Moving Average Barricade (resistance confluence).
Potential Overbought conditions on lower timeframes.
A classic bull Trap zone.
We escape WITH the profits before the scene gets hot! ๐โก๏ธ ๐โโ๏ธ๐จ
๐ต๏ธโโ๏ธ Related Pairs to Watch (The Lookout)
T (AT&T): The direct competitor. If VZ moves, often T follows due to sector correlation. Watch for confirmation.
XLU (Utilities Select Sector SPDR Fund): Tracks the utilities sector, which VZ is a part of. A strong XLU often lifts all telecom boats.
SPY (S&P 500 ETF): The general market mood. A bullish SPY provides a better tailwind for our VZ heist.
Key Correlation Point: If VZ is strong but T and XLU are weak, it's a sign of unique strength in VZ (good for our trade). If the entire sector (XLU) is rising, it adds confidence.
Idea: Will Verizon (VZ) Extend Higheโฆ
