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.
