VZ trade ideas
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!!
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%
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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Verizon Communications VZ bearish outlookEarnings were reported today and beat the estimates so keep that in mind. The technicals though look bearish IMO. We have hit a major trend line which so far hasn't been broken and looking at the size of the wick we hit a lot of selling pressure. Also we have created a Bearish Bat pattern which was completed when we touched the trend line. Would have been the perfect entry but still see plenty of downside potential. Also worth noting we have some bearish divergence on the 4hr RSI.
Playing the Bearish Bat my prices targets are:
Target 1 - $55.73
Target 2 - $55.17
Target 3 - $54.60
Good luck traders
VZ - Potential BreakoutIf Verizon can close over the long term trend line, there’s a chance we could see the first blue line target next week. Good looking green cloud support forming on the right. Fairly positive earnings today could give the stock the boost it needs. Good volume this AM. Playing the 58$ calls into next week. Good luck if you play!