VERIZON COMMUNICATIONS INC.

- USD (-)

- 15 min delayed data - NYSE Stocks

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Type:	Stocks
Ticker:	VZ
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VERIZON COMMUNICATIONS INC. - Could Verizon be showing a trend reversal/pullback? - 10/31/2022 (GMT)

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Chart + Trading signal

Signal : Buy signal
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Entry price recommended : 38,04
|
Stop loss : 36,13
|
Take profit : 48

Timeframe : Daily

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VERIZON COMMUNICATIONS INC. Chart

Could Verizon be showing a trend reversal/pullback?

It seems to me that we are looking at a good buying opportunity.

In my opinion, VZ will show an upward movement in the coming weeks.
I love the V shape at the bottom and my indicator is already showing signs of upward strength.

Note how there is no sign of strength/reversal until last Friday.
It seems to me that we are facing the necessary and sufficient conditions to draw the leg of the triangle, according to the drawing.

This member declared not having a position on this financial instrument or a related financial instrument.