BAC trade ideas
Tari CondorHi guys,
for this iron condor we have 2 weeks and 5% strike.
Reward risk ratio is quite decent, but I prefer to place a pending order to get some more premium.
Enjoy your wallet!
Tari.
Verizon - 5G
NOTES
Verizon has surprisingly tanked after the new 5G announcement that came-out, overall, it wasn't too surprising. We're without a doubt in short term bearish sentiment for the stock. However this sentiment appears to be coming after a very decent impulse wave rally (not the traditional pattern, appears to be a Moving Ending Diagonal Impulse with converging lines) Short term, we may see a rally around 1.5% strong from Friday's close of 58.05. This is likely to be sold off down to the 0.312 fib retrace of the longer-term impulse wave we're tracking. After this, it's a whole new set of impulse waves on VZ
Likely Scenario: Timeline 3-4 Weeks
1 - VZ rises from 58.05 to the upper $58-$59 range and is rejected.
2 - VZ continues this rejection from that upper range down to the upper to mid $56 range
3 - VZ breaks out of the short term bearish descending channel we see now and begins to hit new ATH's.
Alternate Scenario: Timeline 1-2 Weeks
1 - VZ rises from 58.05 to the upper $58-$59 range and breaks through.
2 - VZ continues this breakthrough through the short term downward bearish channel we see now, and starts it's new impulse wave to new ATH's earlier then expected.
Key Takeaways
Both scenarios end in bullish long-term action estimated timeline for the breakout is within the next month overall. Currently eyeing 6 month long $60 call contracts, not that expensive.
VZ long, at Support Long term Uptrend,
Reversal candle at support
Entry 58.5
Stop 57.4
Target 61.5; reward:risk=3:1
Earning 10/21/2020,
I am not a PRO trader. I need few months to practice trading strategies.
If you like this idea, please use SIM/Demo account to try it, until my trading plans get high winning rate.
Buy a few VZ at 2h buy signalSlightly buy a few VZ to see if there is a jump after earning.
It should has strong support and good earn ratio.
$VZ fractal ~target for next month~
a possible debit spread position:
C 10/16 62.5 BUY
C 10/16 65 SELL
VZ - Better View of Weekly Bullflag Looking like momentum is building in this one... 61.01 trigger to move to orange target and could blow right through. Good luck if you play!
$VZ - could go either way We may need to go down a bit more before it heads back up, but this could go either way these days
VZ back at the resistance againalready tested the resistance 4 times, the ceiling is no longer fresh, I will probably grab some Oct/Jan calls
VZ - Bullflag after Consolidation Breakout Looking to Test ATH’sTook awhile for the stock to push to higher targets after breaking out of that March trend line, but finally happened the last two days. Closed above first target and supported on three 4hr candles. Get the feeling we test ATH’s in the coming future. Red and orange lines are next targets and from there it’s got room to go if it blows through. Good luck if you play!!
$VZ - golden crossWant to see stoch down a bit and MACD to shift and then hopping into a call option
Verizon Wireless (VZ) Long term BUYIf past 60 and monthly candle closes above 60 then its a long term buy.
My nr2 long tearm investment. Goal 110-120$Long tearm i see VZ going to about 117$.
VZ is a defensive play, the kind of play i like.
Current Price
US$58.99
Fair Value
US$117.43
No clue how much 5G will effect the value so that's one risk / potential uppside.
My portfolio currently
60% STOR (15.5$) +45%
20% VZ (59$)
20% cash waiting for dips.
AVG dividend: 7,2%
VZ BUY OR LONG TARGET UP TO $62VZ confirmed the "Price Channel" pattern and moving upwards well, I open buy.
VZ buy : $58.5
VZ target : $62 +-0,5
Stop loss 7-8%
Wish you a good deal
BIG Potential for VERIZON COMMUNICATIONS DailyHey traders, VERIZON COMMUNICATIONS gives a false bearish signal, it is in a bullish continuation see TIMEFRAME 4h low purchase volume. Strong the potential for buyers to continue their streak for the last previous high, may even move to the next high if buyers find an affordable price.
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