BAC trade ideas
$VZ with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $VZ after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 75%.
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OPPORTUNITY FOR VERIZON TO GO UP - Strong buying zoneHello,
If you look at my previous post you can witness how I can spot the area to keep an eye on.
If you can spot the area/zone precisely of any stock, index the same way the trading become really simple and strongly effective.
This time I would like to talk about Verizon Communications Inc area to watch for a long position between 48.5$ and 51$. This area will act as strong support and will hold the price. It can blow the zone on the downside but at least the zone will hold the price. A long position in this zone is comfortable and statically safe.
Happy trading
VZ - What to look for & Current StatusPrice is in a strong downtrend.
Momentum is pulling it down.
However, the tail wick of this the Months
candlestick has pulled back up to the support line.
This could mean we have found a support in this
price range. Look for the channel to break and
possible sideways action for the big boys to
accumulate shares. May rise slightly or fall
slightly, but generally, sideways action; unless
price pulls up. I see the 47 area as a good possible bounce area, but if fails then the 43 area is a good area of solid support.
$VZ Chart IdeasThis is a less obvious one, I try not to over-complicate things which is why I am bullish. Since trading is human psychology I am sticking with the simple bullish play instead of the multi-scenario bearish play of which I only charted one here. The other main one is a bounce off the upper support and re-test breakout.
VerizonLooks like we are at a support that's backdated towards last Spring. I buy your tears GANG. I want a retracement of the previous high on the daily where we have strong resistance since November of 2018. We are oversold on the Macd on the weekly timeframe as well as the weekly. AsJay-z would say...."What More Can I Say?"
Verizon Communication should be in attention!It has been in a correction mode as I described it on the chart A B C. I think 1 to 5 is a impulsive wave to the upside. As per the theory, we should expect an impulse since we have had a correction for a long period of time. Next earning report is about to be released on October 20th. Yes, I expect it to be good.
Pull Back Fishing Earnings 10-20VZ pays almost a 5% dividend so I am wondering when someone will pick this up? 3 year low is 48.84 so perhaps a place for a stop is you wanted to be on the really safe side or under most recent low somewhere which is 50.86 which is the yearly low as of yesterday.
VZ fell past immediate support and that support can become resistance.
Price is outside the lower band and has stayed below it for longer than many dwell down there. 3 big red ones which looks very bearish but can flush panicky sellers out as well. Negative moving average crossovers.
It looks like VZ paid dividends recently on 10-7-21. There are people who buy before dividends then sell after they collect it. I do not do this but I know people who do. I suppose it is a hazard that comes with paying a high dividend. This possibly contributed to the recent downtrend. Just guessing.
Negative volume is high. Short interest less than 1%.
The moving averages need a lot of work.
No recommendation.
More drops for Verizon. Oh my! VZBroke floor, heading for lower lows. Fibonacci shows us some favorable goals. Bearish in a nutshell.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
VZ short put, Nov 19VZ is into a level of tested demand
Sold 42 DTE, Nov 19, 11.59% AROI, 4.24% from underlying price
Yield at strike is a decent 4.78% which is way over the US10Y hurdle rate by 3x
It's pushing below the Feb 2021 spike low, but it seems to be very passive selling to me the past 6 months.
Lots of back filling and retracing to push lower. Like a robot is just refreshing the offer lower.
Trend on the daily is absolutely Down.
But it's into Previous demand and 53.40 level is where I see -1 sigma value where algos could step in to buy.
I don't mind being long VZ outright, but I like the idea of bidding for 52.50 even better.
Because if it goes to 51.55 I split the difference.
It's a down day into new lows and that's the best time to sell put premium, so I did.
Verizon (VZ) - Buy the dip with 16% upside paying 4.66% dividendNot the growth stock that it once was, but VZ has been in correction since Dec 2020. It has formed a tight falling wedge pattern while also finding support at 2009-2010 trend line. It has a maximum upside of almost 16%, but even more compelling is its 4.4% dividend yield.
4h
Falling Wedge- BullishBeen watching VZ for a while now and has been holding this wedge for quite some time, with quadruple witching coming up on the 17th and September being historically a bad time for equities, a low beta stock like VZ should theoretically outperform the broader markets. (VZ Beta = 0.45). From a technical standpoint, VZ is also looking quite nice, closed yesterday sitting right on its 20-day SMA (not pictured), falling wedge on the 4hour and daily timeframes, Bollinger bands are also squeezing, with volume- should pop. Just some FIB levels & RSI-based supply and demand zones to keep an eye on- Bullish and looking for a breakout.
PT1- $55.70
PT2- $56.33
PT3- $57.82+
VZ $65 PT printing ascending channel Verizon is well-positioned for the increasing consumer demand for better networks and services as the company continues implementing its 5G technology, which could be a catalyst putting the company back on the growth path.5G subscriptions are expected to reach 3 billion subscriptions worldwide by 2025. Moreover, the fifth-generation connectivity is expected to drive the market growth of Artificial Intelligence and the Internet of Things (IoT). Internet connectivity is expected to show a fast speed with very low latency.A recent study expects explosive growth in 5G wireless subscriptions in the U.S. over the coming years. The study reads The number of US 5G mobile service subscriptions will increase 161.4% to 41.3 million in 2021, with growth expected to continue at tremendous rates for several years. Great time to get in technically as the VZ is in a clear ascending triangle within a larger ascending channel which has been in play for over a year. Given we are at the lower range of this channel I believe its a great time to pick up some VZ which has proven to be a safe stock that does well in times of uncertainty relative to the market as a whole, and can help bring your portfolio's beta or volatility down.
$VZ with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $VZ after a Negative over reaction following its earnings release placing the stock in drift C
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.