Verizon in a Great Accumulation zoneVerizon NYSE:VZ appears to be entering a good accumulation zone. it also pays a good dividend. This is one i plan to accumulate going into the down turn. NYSE:VZ
VZ
VZ Verizon Communications Options Ahead of EarningsIf you haven sold VZ here:
Then analyzing the options chain of VZ Verizon Communications prior to the earnings report this week,
I would consider purchasing the 37usd strike price Puts with
an expiration date of 2023-5-19
for a premium of approximately $0.84
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
I am interested to hear your thoughts on this strategy.
$NDX looks good, better than $DJIRecently we made a post on how $NDX would outperform $DJI being it lacked #banks & #oil & it has done this.
As we have stated for some time, we're still CAUTIOUS BULL on the #stockmarket. Even after this latest fiasco.
CAUTIOUS is the key word.
Daily $NDX broke channel to upside AND longer term downtrend!!!!!!!!!!!!!!!!!!!!
Weekly chart shows #NDX holding above the weekly moving avg's & there was a bullish moving avg crossover, yellow circle, & has held.
12900 is an important level for #NASDAQ 100. Breaks that 13700 is next target.
$DJI looks okay. It held well until recently. It is close to forming a bearish crossover but we'll see. IMO likely not. While #DJI is much weaker as a whole cherry picking individual #stocks on the index should be okay. We stated $MSFT $AAPL have done well & newbie $AMGN & $VZ for yield.
#msft #aapl #amgn #VZ
Bull flag pattern VZ is setting up for a nice bull flag that could surely take us higher. As long as the pattern and all supports are respected I think this will be a good trade to take.
Verizon Coomunications $VZI am looking for a pull back to get in. This is my set up at the moment.
Entry; $39.40
S/L; $41.18
TP1; $41.18
TP2; $43.85
Please always do your own search and analysis before you take any trade. Do not rely on anyone :)
Apple Breaking to Resistance?This is a weekly chart of Apple (AAPL) as measured relative to the S&P 500 ETF (SPY).
The chart has been arbitrarily adjusted in magnitude (x1000) to improve visibility of price movement.
One should always analyze an asset's performance relative to the performance of the broader index before choosing to invest. If an asset is underperforming the broader index, one would be better off just investing in the broader index than investing in the underperforming asset.
Few people may have known that, under the surface, Apple has been resisted downward since August 2020 in its chart relative to SPY. In other words, this means that since August 2020, even though the price of Apple has gone up it has generally not outperformed the SPY.
This weekly relative chart between Apple and SPY shows that Apple may be attempting a breakout relative to SPY. Even though Apple's charts look somewhat weak on the higher timeframes (3M, 6M, 12M), this chart may suggest that Apple will at least attempt a breakout in its performance relative to the SPY. The weekly candle closed above the resistance line, and the Stochastic RSI oscillator is showing strong upward momentum on the weekly timeframe. Additionally, the weekly exponential moving average (EMA) is creating an ascending triangle pattern with the resistance line (not shown on chart). In 75% of cases, an ascending triangle is a continuation pattern, which in the context of Apple would mean a bullish breakout.
It's important to realize that relative price charts like this do not necessarily predict price action. In other words, since this is a relative chart, Apple may break out in this chart, and yet its price actually falls. This can happen if the SPY is falling faster than Apple. The best time to use this kind of chart, therefore, is when you think the SPY has made a significant bottom and will rise. Rather than investing in the SPY as its price rebounds, why not amplify your returns by investing in an asset that is likely to outperform the SPY?
Some consider this a "seeking Alpha" approach. Alpha is a term used in investing to describe an investment strategy's ability to beat the market. Strategies that are able to generate greater alpha (or return relative to the market), without introducing greater risk to your portfolio will increase your Sharpe Ratio. In this case, Apple is slightly more volatile than SPY and therefore introduces slightly more risk than owning SPY. One can mitigate this by analyzing all of one's portfolio holdings relative to SPY and selling an underperforming asset that is also more volatile than SPY and then purchasing an asset, (like Apple), that is likely to outperform SPY and which is equally or less volatile than the sold asset.
For example, compare the below charts of T-Mobile US (TMUS) and Verizon (VZ). Both charts are quarterly charts (3-month charts) and are relative to SPY. Relative price action for the past 10 years is shown. (Neither chart is adjusted for dividends). Although TMUS is slightly more volatile, it is generally in line with VZ. If given the choice between the two, which would you rather add to your portfolio?
T-Mobile US (TMUS) trending toward infinity relative to SPY:
Verizon (VZ) trending toward zero relative to SPY:
Not investment advice.
VZ wave 4 of wave C correctionVZ wave 4 of wave C correction I feel we will see around 40 for wave 4, then wave 5 down to $33 and can grow from there.
VZ bullish hammer at the bottom of Mean Reversion ChannelOrder BUY VZ NYSE Stop 35.82 LMT 35.82 will be automatically canceled at 20230401 01:00:00 EST
VZ bullish hammer at the bottom of Mean Reversion Channel beautiful volume, weekly chart confluence, not much in our way all the way up to MA 100 except for local trend.
Stop loss below buying zone of support conservative, take profit at MA 100. 1.56R
Close to the bottom?Looks like its close to the bottom. Huge volume in the recent months. This can retest 12 in next 3-4 months.
VZ daily bullish hammer wave 4 of downtrendOrder 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.
VZ-Sitting at critical supportOn 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 $39 area as we are about to test a very long term trend line. Typically a 3rd hit of a non-horizontal trend line will usually hold but I will not bag hold this position given the overall market weakness right now.
SL-38.50
VZ seems to have a strong bounce from its low.$VZ seems to have bottomed and tested the lows and has reversed with so much strength. We could see 44 at the end of October or earlier.
Verizon... is not in the zone. VZAnyway, 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 levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
Verizon Communications VZ options ahead of EarningsLooking 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.
VZ - Dominant Trend LineVerizon 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
MOVE UP?If you been following VZ stock for the past week or so you have notice on Friday that while most of the market was going up (VIX was falling) VZ had a big candle to the downside.
Towards the middle of the trading day VZ rejected up from the middle line of the uptrend channel (38.2 fib line ) and started to move sideways on 1H time frame.
Where will VZ go on Monday, up or down?
Look at the last daily candle, look at the amount of support right below it:
20MA (white line), 50MA (green line), rejected to $50.86 support (yellow) line (you can see multiple bounces to the upside from that line in the past, please zoom out to see it clearly)
VZ is also sitting right above downtrend middle line and above uptrend middle line which can act as support as well.
I do not know where it will go on Monday, but it sure will have a hard time breaking those support lines , but if it will then the next stop will be somewhere on the bottom of the uptrend channel.
Please take a look at the screen shot below for better view.
How Far will Verizon continue to DROP?Technical Analysis on Verizon Communications
Was it the right choice to add more shares to my portfolio?
Fundamentally it makes totally sense for me to own the stock. The numbers speak for themselves.
If we start viewing the stock from a technical point of view, then it's getting interesting and I can understand why many people say they keep their hands off it and wait.
So basically the stock recently took out the massive low that got created in 2020 during the huge sell of in the pandemic. So overall the price continued to be bearish and it will be bearish until we break the recent high.
I view the current pricing as a great opportunity to add more shares to my portfolio as it pays an incredible dividend at the current pricing value.
Hopefully, we can see the bulls getting back in control in the future but until then we are gonna be reactive, not predictive.
$VZ reclaimed 1D Lin Reg Channel with MACD Converging...$VZ reclaimed 1D Lin Reg Support @ MCAD Converging.
VERIZON, Intraday Strategy, Pivot point (PP) $53.93Hey there, if you are waiting for selling, this could be an interesting strategy, considering the pivot point ( PP ), support (S1,S2,S3), and resistances (R1,R2,R3).
For the next 2 days, we migth have a downward. Let's take a look at these band's results, Intraday strategy.
Target S1 $53.68 until S2 $53.52, controlling the stop loss at R1 $54.09 or R2 $54.34
R3 54.75
R2 54.34
R1 54.09
PP 53.93
S1 53.68
S2 53.52
S3 53.11
Chart Master for Charter CommunicationsLooks appealing, not even sure what they do. Relatively high short % against the float which means it can have a more elastic bounce.
they're also defended with pricing powers (inflation pain handover capability)
Verizon - Up in the Horizon. VZShort term and temporarily.
Immediate targets 55, 57. Invalidation at 49.
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 green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
Is AT&T (T) a good buy.... almost thereEveryone is talking about AT&T or T as they call it being a good buy.... well it's almost there for us. Was very close in December but 21 or below is the price I will take AT&T at. If you were to look at the P/E for this stock and say VZ they are pretty close though the problem becomes for us the amount of shares that will be outstanding after the sale of the Streaming division 7.2B wayy too many stocks outstanding for us. Compared with VZ 4.2B.
I would consider and have alerts set for anything below 21.96 and then possibly take a look as they consolidate and focus on their core business of phone service.
