VZ Verizon 2009 Up Trend Continuation & $64 ATH Range LT TestStrong Supp/Resistance at $54.36 + LT & ST #fibonacci R
LT $64 ATH Potential w/ Consolidation $54.36-$57+$57-$58.77
Divi & Safety Play
Long Term Up Trend since 2009 Healthy in a Telecom Sector known historically as safety plays during any market condition, while providing Dividend
Fundamental Catalyst here is roll out of 5G and being leader in technology while continuation in digital tech/media content growth
VZ trade ideas
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.
10/11/2018 - Self Improvement - VZI've been trading for 5 months. I am by no means an expert so please don't solely go off my advice or my actions. I have been keeping a log for quite some time on Tradingview but i have just now decided to go public. If you can help me at all and have any thoughts on my stock actions please feel free to leave comments.
VZ has not dropped below the trend line during the massive market drop. I believe it is relatively strong and i am going to look for it to break the 55.50 range and take a big squeeze. It is forming an ascending triangle and looks like it is going to do exactly that. Buy in point is above the resistance.
8/29/2018 - Self ImprovementI've been trading for 5 months. I am by no means an expert so please don't solely go off my advice and my actions. I have been keeping a log for quite some time on Tradingview but i have just now decided to go public. If you can help me at all and have any thoughts on my stock actions please feel free to leave comments.
Bought VZ because it is hitting another known resistance line and it has bounced against it for a week or so. It is also making a very short and small bull triangle but it is there. So i bought at 54.88. Adding on significantly at 55.24. I have my stop loss at 53.93. I'm hoping this time it breaks that resistance. If not i don't have a massive loss on my hands. Only time will tell.
Verizon Communications earnings preview: limited growth ahead?Although Verizon remains the leader in the U.S. wireless market, T-Mobile and Sprint are undermining its duopoly with AT&T at the margin. Disruptive actions by these two smaller rivals--such as offering unlimited data plans--threaten to make overall industry economics less attractive and conflict with Verizon's core strategy of leading with network quality and monetizing increasing amounts of data traffic.
Although Verizon still benefits from a cost advantage over the smaller rivals and will still earn returns above its cost of capital, its ability to command premium pricing will decrease over time.
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