VZ
Daily VZ forecast timing analysis by Supply-Demand strength21-Jun
Investing strategies by pretiming
Investing position about Supply-Demand(S&D) strength: In Falling section of high risk & low profit
Supply-Demand(S&D) strength Trend Analysis: About to begin a rebounding trend as a downward trend gradually gives way to slowdown in falling and rises fluctuations
Today's S&D strength Flow: Supply-Demand strength has changed from a strong selling flow to a suddenly strengthening buying flow.
View a Forecast Candlestick Shape Analysis of 10 days in the future: www.pretiming.com
(You can easily create a trading plan.)
D+1 Candlestick Color forecast: RED Candlestick
%D+1 Range forecast: 0.1% (HIGH) ~ -1.2% (LOW), -0.8% (CLOSE)
%AVG in case of rising: 0.9% (HIGH) ~ -0.5% (LOW), 0.5% (CLOSE)
%AVG in case of falling: 0.3% (HIGH) ~ -1.6% (LOW), -1.3% (CLOSE)
Price Forecast Timing Criteria: Price forecast timing is analyzed based on pretiming algorithm of Supply-Demand(S&D) strength.
VZ with Mixed Fundamentals and Weak TechnicalsFundamentals:
Verizon reported earnings for Q1:
EPS for 2018-Q1: 1.17
Estimated EPS before earnings: 1.17
Actual EPS: 1.20 a
Surprise: + 2.56%
Revenue stayed at 32.1B, barely missing consensus.
Technicals:
RSI(14) @40.5, reaching lower lows (specifically on the following dates: 2-apr,9-apr,17-apr,23-apr)
SRSI(14) @0
MACs @.26 > MACD @.01
CCI(10) @-200
Resistance level: 60.8
Support level: 53
I would be very cautious trading this. Wait until CCI(10) reaches -100, and RSI above 56 to go LONG.
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.
IHS potential VZ - Bullish to $64 rangeVZ has a bullish Inverted Head and Shoulder formation that could potentially see price move as high as $70.00
expect some sideways action next few weeks, with a clear break after.
tight stop loss maybe a good idea to practice here, market looks on edge of massive correction.