BAC trade ideas
cant argue this uptrendbut ask yourself is 40-60 in 7 years a good move? in my opinion no.. but we are all different and this can be a great buy for some people. one thing im certain about is never touching options on this if it has any. might good a good longterm hold for shares if you dont mind a slow mover. goodluck as always my friends :)
VZ - Can you hear me now?Welcome back to another dow30 analysis, this time we take a look at Verizon! NYSE:VZ
Verizon is one of the most popular tech-company in the united states and also holds a place in the dow.
Since the bottom in march Verizon could gain atleast 23%, compared to apple or microsoft, this doesn't seem that much.
In the long term, the growth opportunities in Verizon are much higher and prices of 120 are possible in the next few years.
Expected scenario
Verizon has just completed green wave 1 and is in an ABC correction which will bring us to prices under 59$.
A low will form in this area and Verizon will start its journey to higher prices. In the next months and years we could reach prices over 120$ or even more, so stay tuned!
Alternative scenario
If Verizon breaks the red resistance line, we will start to much higher prices and we won't see a bigger correction in the next days.
If this should happen in the next few days I will look for a profitable entry.
Regardless of which scenario comes to pass, I will go long soon.
$VZ with a possible breakoutWith this stock, I think it is ready to breakout, it has been inside a massive channel for quite a while now. This stock is sort of a slow mover so above $62 would be a great entry for calls, put time on it if you can afford the premium. I can definitely see V hit $70 in the first half of this year. Keep an eye out on this sleeper
VZ is it finally time?Is it finally time for VZ to break out of this super long base? I have no clue. This stop is slightly wider than I usually take. But it is the Monthly chart, zoomed in to a weekly or daily I am sure I could tighten it up a bit. Gonna watch for shits and giggles, or maybe buy in a long term account.
How To Utilize Difference In Price Indicator The difference in price indicator helps show volatility. In this case I am going long on Verizon but am unsure of how much to expect the price to move each day. When I add the Difference In Price indicator to my chart, I can scroll my cross hairs over and see that it changes in price about $1 a day. So for tomorrow I can expect it to go up or down $1 based on what has historically happened.
The Difference In Price Indicator can be used on any candle segment, but my favorite is the day because I like knowing how much to expect a stock to change in price on a daily basis.
To add the Difference In Price Indicator to your chart, you can click on the F(x) button and then click on public library. Type in Difference In Price. Add the one created by Myantman101 ( free )
Test it out on different segments and see for yourself how it can help determine what type of price change to expect when shorting or going long.
Comment any questions below
Breaking Resistance On The 1 HRVerizon is about to break through resistance on the 1 hour chart and has potential to reach an all time high. I will be following this stock closely as I have 50 calls for it to be worth $61 a share by 12/11. I need it to hit $62 a share this week to 5x my money. Looking to make big profit but as soon as I see a reason to drop out I will. Stay tuned for more!
VZ - Elliottwave analysis - Sell on bounceVZ - It is in WXY double zigzag correction and underperforming the SPX. The drop was completed A of Y wave and correcting up in B wave, which would expected to finish near 57.50 level. Sell for C wave down as the final cycle of Y wave in that zone.
Give thumbs up if you really like the trade idea.