Inverse Head and ShouldersIt looks like VZ has formed an inverse Head and Shoulders.
The right shoulder is a bit higher than the left which can be bullish.
Possible stop under 54.45
It does seem like the old tried and true stocks that pay dividends are doing well right now in these dismal market conditions
Not a recommendation.
Long entry is a break of the neckline with an uptrend, keeping in mind that the neckline is resistance in this case, but is support if price breaks through.
This seems like a boring trade to many..lol. But the dividend is good and most probably consider it defensive. It is not a rocket stock. But it is not super volatile either.
Sometimes the trade you hate the most, can pay off in the long run.
