Verizon on its way up to the AlltimeHigh?Verizon was traded in a very volatil sidewards-range between 2013 and 2016. The little selloff under the several times tested Support levelat 45,5$ formed a bullish H&S Pattern. This false Breakout was a very good basis for the break of the downtrend and the youngest rally to the big resistance Level at 54$. Verizon tested this niveau three times - and all good things come in threes!
Now several trading ideas appear:
- Anticyclical Long Position: Entry now (@ 38,2 fibo from the latest swing) with SL below the downtrends upper edge at 49$ or 47,5$ (sma 200) TP could be 54,5 (former High)
- Cyclical Long Position: Stoppbuy above the BIG Resistance Level ( 53,8-54,5), SL 52$ and TP 62$
-Short Position: Entry below the downtrends upper edge @ 48,5/SL 51,5 and TP 38,5
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VZ trade ideas
VZ - try to get a better price for this long-term stock.VZ ( Verizon ) had this very boring sideways action on weekly charts - and in 2016 it broke higher. This stock could follow the market lower in any correction, but I am waiting for a good entry point for a BUY, as I see very good long-term prospects.
Dogs of the DOW - One Year EntranceThe current Dogs are: CVX, CAT, VZ, PFE, CSCO, IBM, BA, MRK, INTC, XOM. CVX is waiting. CAT IS A BUY. VZ is a buy. Take a look at each one of those names on a DAILY CHART. Set only ONE Exponential moving average on the chart. Just one. Nothing else. A 33 Exponential Moving Average, offset by 3. As soon as you get a Daily Close of any of those stocks, above that 33 Exponential moving average, buy the stock, and hold it for the year, up to February 24th, 2017. That's it, that's the entire strategy
DOW JONES OVERVIEW: VERIZON IN UNCERTAINTY, ON SHORT TERM RISKAt least stock price wise, not all is looking good for Verizon...
Trading between macro means on long term basis, price signalling uncertainty. Price has recently failed 5-year mean at 44 and is now between it and 10-year mean at 38. No trend on macro basis is an outlier, indicating that currently long term institutional investors are unsure regarding this company.
On short term basis VZ is on a risk of further decline, as it is trades below 1st st deviations from both quarterly and yearly means
Both short term levels are above 5 year mean, so as long as price will be trading below 44, it risks to fall onto the 10-year mean at 38
VZ/T spread collapse may be a repeat of early 2014The spread in VZ/T has come off rapidly and represents a good long opportunity with the goal of mean reversion in mind.
Note the 2 purple boxes and how similar they are in structure and location to one another.
Also note the weekly tweezers indicating the potential for a bottom here.
As always DYOR
VZ looks ready for another down leg Telecoms caught some weakness after earnings release. $51.50 was important resistance above which buyers failed to hold eventhough company released numbers higher than expectations.
Now, we have tight consolidation near lows with resistance at $49.15. Break below consolidation support $48.50 will trigger Short entry and will open doors to $46 major support.
If market will enter into correction mode (complicated geopolitical situation combined with potential rate hike) that will add arguments to this idea. Risk/Reward 1:4 make this idea attractive with high-winning rate.
Verizon: Potential Bullish Resumption - UpdateBullish breakout above multiple key resistance levels, and that comes in the context of retesting a major long term support level at around 45, check the related link for the overall view.
Near Term target at 51.20 resistance, followed by the latest major swing high at 54.25. A longer term target mentioned in my earlier analysis at 60.00 areas.
Only a break below 45 will threaten for a serious reversal.
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