BAC trade ideas
New Long Available on VZ after last trade hit TPAnother WK demand area created with 3M Demand in control. Previous trade posted hit profit target last week.
Verizon tests resistance line at 50% fib retracement- short termVZ has had a good run, while other tech stocks plummet, VZ seems to be holding on to its lead. This is the third time it battles with the $50 mark, while it's latest cycle downward has bounced and hit this resistance line. If resistance is broken and VZ actually closes above the 50%, we can see good upward movement. However, expect stock to linger, perhaps another dip, as it struggles to gain traction at this level.
Next level up, short term would be $51.49. Next level down we would see a retrace back to $46.15 ish. I'm purchasing more on the dip, if it comes.
Long Triggered on VZLong triggered at WK Demand area on VZ. Supply created overhead, will watch to see if/how price reacts there, targeting 3:1 RR.
VERIZON - bullish opportunityWave (ii) is going to end soon, so we could have a massive bullish rally afterwards.
October 19 Earnings: Verizon Communications: Recovery TimeThe company has been under immense pressure overcoming spectrum crunch and stiff competition in a saturated market.
Verizon's purchase of Yahoo!'s services will allow the company to boost its online offerings and penetrate a new market.
The company's new prepaid offering will aid revenue streams as well.
Weaknesses in the company is impact from Hurricane season with decreased services output.
A further weakness is the still saturated market with stiff competition forcing lower prices.
I believe the company's turnaround phase is in full effect and the company should report a solid beat.
I'm starting Verizon with a $52.50 PT for the post-earnings move.
VZ Head FakeIf you thought VZ's recent move higher meant anything, try not to be too disappointed. Stop loss @ 50.75 with a target price @ 48.
Correction Complete For Verizon? ABC Pattern completes this week, looking for a bullish reversal next week
VZ multiple patterns.. Not sure whether consolidation will take another month .. Hard to time at this stage..
Should work out well for the year end.
Verizon Buy IdeaW1 - Double cycle completed
D1 - Special Cycle (second leg of the weekly cycle) completed
Higher highs on D1 and we can now expect either a flat correction and up move or double wave down and up move
Aggressive - if you want to be more aggressive you can try to scalp buys near the bottom of the potential intraday range. Of course this scalp should come with lower time frame cycle inside the range, divergence and at least a trend line breakout.
Always mind the risk reward.
