Can VZ reverse with earnings coming up?VZ on the 2H chart has been in a trend down since July 5 and the fall is accelerating
in the past three trading days. Earnings are a week away. The dual time frame RSI
indicator shows the weakness with RS in the oversold and undervalued zone while
the zero-lag MACD shows hard bearish momentum. Relative selling volumes are
about 3X the mean. Overall considering that price is now three standard deviations
below the mean anchored VWAPs set in March and April I believe that price is now
at or near the bottom. Accordingly I will watch for signs of a reversal on a 30-60
minute time frame from which to consider a long entry. the upcoming earnings
could increase volatility and potential profits if VZW can rally some trader interest.
