VZ cup and handle !A cup and handle formation following a Harmonic Gartley Pattern .
This might be a signal of continuation to the upside targeting 44.5 area .
VZ trade ideas
Watchlist 2023-04-06 $SPY $XLC $T $VZ $LITE $KRE $LEVI $KCSPY - pointing lower this morning. Some economic news to be released including nonfarm payrolls, expt 200K. Failure to close above 408 on the 15 min early on would give confidence that we move lower today.
For further confirmation of a trend day, watch for:
$ADD pinned near +\-2000
$VOLD ratio over +/- 3
$TICK cumulating past 0 wicking to +/-900
$XLC - had an unprecedented high vol bar into resistance PD. Roughly 10x the average vol. Because this was into key pivot resistance, expecting lower moves in the communications sector today. $VZ $T. if the spreads aren't too wide, might be best to use options with these to not take up purchasing power as the ATRs of these names are low relative to their price. Verizon also had 12/14 previous bars were green, could likely be due for a pullback here.
Support area is 38.50.
Other communications sector strength includes
$VOD - attaching takeover interest.
$LITE - Rosenblatt Downgrades Lumentum to Neutral From Buy, Cuts Price Target to $48 From $77. down 4.5 ATRs on 0.5 PM RVOL. If it continues to hold lower levels in the PM, a break of 43 could lead to 40 key support. But staying cautions as vol needs to pick up.
$KRE - Watching closely to see how it reacts to 41.30 ATL. If vol picks up and there is a weak bounce on the 5 min, could see lower levels in play. However, this may need a catalyst to move below so I'm open to a long from this level as well. We have see complete reversals from this level on March 23.
Other Watches
$LEVI - Adjusted Earnings Decline, Revenue Rises; Maintains Fiscal 2023 Outlook, Quarterly Dividend
$KC - Kingsoft Cloud's Q4 Net Loss Widens Slightly, Revenue Falls. This news was bullish on March 29 but weakness has continued since.
$CVNA - over 10.30
VZ DEEP VALUE AT 27Short term technicals showing this will likely sell more if the markets turn farther. Dips below the 200ema Monthly have previously marked great buy areas. PE @ 27 based on forward earnings projections. 9.5% yield based on no change assumption. Nations leading 5g provider targeting quality customer base commercial and residential. 5g is an under rated play no one is thinking about right now, as it is needed for all high-speed data systems, ai operations, and military applications.
VERIZON Stock Chart Fibonacci Analysis 030723 1) Find a FIBO Slingshot
2) Check FIBO 61.80% level
3) Entry Point > 37.5/61.80%
An Introduction to Trading the Markets Part 1 - FINDING TRADESPart 1 of a 3 part Tutorial - Finding Trades. In this tutorial I help the beginner find trades on a chart by helping to understand Highs and Lows; Supply and Resistance; Climactic action; Tests; the importance of Volume; Market Mechanics.If you know where to look, you'll learn where to find trades with a higher probability of success! Happy Trading
VZ - Bounce from RTS & Breakout from consolidationNYSE:VZ - Verizon touched Resistance Turned Support (RTS) and broke above downtrendline. Formed 2x Highs.
RSI managed to bounce on 50 , making higher low , indication of upside movement.
$VZ with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $VZ after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 66.67%.
VZ Going for a swing trade on $VZ , no time frame. Verizon and 5G towers have no new competition, people need to communicate. Only derivative of smart phones coming out is crypto native Solanas saga web3 phone , which will take awhile for mass adoption and that's if it even succeeds. looking for sure things to store fiat in other then gold.
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 :)
Is Verizon Bouncing For Good?NYSE:VZ is bouncing back from the double top target.
it has a target of $ 35.70 and it has been touched on October 2022.
The weekly chart stochastic has been successfully break out from value 50 for a consecutive week.
In 4H Chart, the formation of the candle is forming a Ascending Triangle with Upper Breakout which indicate a Short Term Bullish Reversal with neckline at $ 39.38 - $39.85 (as our new support).
I think it is worth to wait on its neckline for entry, since the stochastic also indicate a oversold area where %K line Crossing Up %D line several time.
Or, you can use EMA200 value for your entry position with stop loss at $ 38.59 (last swing support at $ 38.62 - avoid setting stop loss at psychological price at $ 38.60).
or When Stochastic %K Line is crossing down 50 you may exit from a long position.
For your additional information, you may check big ETF Communication Sector and you can see that this sector has been dropped quite significant since last year.
Disclaimer is always on.
Your Trade, Your Risk.
I do not have any possession in NYSE:VZ stock in my current portfolio.
Verizon (VZ) bullish scenario:The technical figure Triangle can be found in the daily chart in the US company Verizon Communications Inc. (VZ). Verizon Communications Inc., commonly known as Verizon, is an American multinational telecommunications conglomerate and a corporate component of the Dow Jones Industrial Average. Verizon's mobile network is the largest wireless carrier in the United States, with 120.9 million subscribers as of the end of Q4 2020. The Triangle broke through the resistance line on 23/12/2022. If the price holds above this level, you can have a possible bullish price movement with a forecast for the next 29 days towards 40.32 USD. Your stop-loss order, according to experts, should be placed at 36.58 USD if you decide to enter this position.
Verizon is expected to post earnings of $1.21 per share for the current quarter, representing a year-over-year change of -7.6%.
For the current fiscal year, the consensus earnings estimate of $5.18 points to a change of -3.9% from the prior year. Over the last 30 days, this estimate has changed -0.1%.
For the next fiscal year, the consensus earnings estimate of $5.05 indicates a change of -2.6% from what Verizon is expected to report a year ago. Over the past month, the estimate has changed -1%.
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Bottom FishingSymmetrical triangle.
Several bear flags on the descent down.
Dividend is 6.88%
ATL 9.72. ATH 69.50
5 year low 34.55.
As a rule this stock is not volatile but VZ has been hit hard.
No recommendation
Verizon ONLY UPVerizon is the most bullish chart, 30 years of trend line support. most indicators show this is bottom.
ONLY UP
VZ longVerizon Communications Inc. long position
Entry: $37.55
Take profit: $42.85
Stop loss: $35.13
Risk/reward: 2.19
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 $33 and can grow from there.
VZ: Further downside expected?!Verizon Communications Inc.
Intraday - We look to Sell at 38.68 (stop at 41.29)
The primary trend remains bearish. Trading within the Wedge formation. Prices expected to stall near trend line resistance. Preferred trade is to sell into rallies.
Our profit targets will be 31.18 and 28.00
Resistance: 39.00 / 48.00 / 55.00
Support: 35.00 / 25.00 / 17.00
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$VZ with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $VZ after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 100%.
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
VZ daily bearish hammerVZ daily bearish hammer so down but will take it in consideration of Friday's events.
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.
