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Verizon Communications Inc.

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VZ trade ideas

It's over for VerizonAt least for a while. Probably a long while. It appears that last July Verizon just completed a nice impulse wave from its 2008 low. Recent decline would be the beginning of a counter trend downward move that will bring prices down to 44 at minimum if not lower. I can even be more bearish if you want to but let's take it once step at the time. After all we have plenty of time, that impulse lasted nearly 8 years. This unfolding decline should last at least a couple of years.
NYSE:VZShort
by yauger
VZ Long on long term technicals Long VZ on two major technical support indications at ~52-52.50. On the daily chart dating back to mid 2013 the ~51.50 region acted as strong resistance. We now look to this region as possible support. This also coincides with an upward trending channel which has formed over the last year. Currently, VZ sits at the bottom of this channel at support in the ~52-52.50 range. I look for an entry here at 52.25 with a price target of 56.00 and a stop of 51.25. RR of 100/375. If you follow my 10000 USD base account recommendations I advise a 100 share long position.
NYSE:VZLong
by claystation4
1
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 If you like my analysis and find it useful, please take a second and hit the LIKE button and follow me. It takes some time to create these posts and your LIKES let me know it is helpful to you. As always, any comments are welcome. Agree or disagree.
NYSE:VZLong
by The_Cannalyst