$VZ Short is a HIGH probability $VZ Has created a horizontal pattern since December 2018 and is looking to have a major fall within the next 1 - 2 months. While only risking 1.5% the potential profit until the next support line is 4%. Falling to the second support line would be 8.5% profit. The last and final support line until a major break of pattern would be 12.5% potential for profit. Definitely something to keep an eye on.
1VZ trade ideas
VZ: Defied Dow sell-off Friday with pre-earnings runVZ was one of the 4 Dow 30 components that defied the huge DJIA sell-off on Friday.
The communications company is riding higher on 5G technology coming to market and has a pre-earnings run underway, which means the stock is on the radar of the pro traders.
Verizon Comm. (VZ)For the full year (2018) the company reported earnings of 4.71 dollars per share. That is a 26.0% advance year over year. We belive that for the present year (2019) the outlook is not quite rosy, with an earning per share of 4.60 dollars.
Total debt: 113 bilions
Total profit: 18.8 bilions
Short Verizon in mid-late FebruaryBased on a multi-month descending triangle formation and a big earnings miss, I'm looking to short Verizon at around $56. The short term has a good bullish candle at the end of last week after bouncing off a long standing horizontal support, but I expect it to bounce again when it hits the descending trend line at both price and RSI. Stop loss would be around $58 in case is does break to the upside. Take profit is $50, a 1:3 risk:reward ratio.
VZ bouncing off $55 mark$55 mark worked as resistance during the fast years, it might switch over to support if the price crosses below $57. After that, it will most likely cross above that $57 mark.
The green curve matches pretty well with the price movement and might play a role in trying to keep the price above $57. I believe this is unlikely because, at this point, the curve is pretty steep.
The next earnings call on 29 January 2019 will probably decide whether the price crosses these lines, just like the one on 23 October 2018 pushed the price above $55 resistance level.
I have placed a buy order around $55 since I can get out if it goes to $54.60. I have not yet predicted a good profit level though.
Verizon Short Short based of channels and fibs
My Entry: 63.50 - 64.50 (any entry in that range is okay)
Stop Loss: 66.02
PT: 59.00
Risk/Reward: ~1:266
Ive been planning this trade for the past 3 weeks and it is finally coming to fruition. The reason the r/r out of the gate is slightly under 1:3 is because I would rather keep my inital stop slightly looser, so that in case of a slight over extension I can be slightly more flexable at first, wait to see the trade go in my direction and then tighten the stops down and potentially add. I will post updates as that happens for anyone that is planning to participate in this trade. If the price flips where my projections tell me, I will pull my stop to 65.00 and add size so that the r/r will shift to about 1:4.
VERIZON ON THIN ICE!Verizon has already has undergone its Head and Shoulder correction from $59.50 to $58 but what scares me is that its still trading under its 1st support level. Verizon might retest $58.00 price next week but if we go under there's a big gap down to $55. Lots of reward potential If you can call the right option on it. Puts at $55 looks tempting and rewarding. $55 is bottom and if we lose bottom next up is $53.