VZ trade ideas
VERIZON: BOUNCE FOR ONE MORE WAVE DOWN?VERIZON seems in the middle of a strong wave down. I'm expecting a low degree wave up before the next impulsive wave down.
VZ bouncing off $55 mark$55 mark worked as resistance during the fast years, it might switch over to support if the price crosses below $57. After that, it will most likely cross above that $57 mark.
The green curve matches pretty well with the price movement and might play a role in trying to keep the price above $57. I believe this is unlikely because, at this point, the curve is pretty steep.
The next earnings call on 29 January 2019 will probably decide whether the price crosses these lines, just like the one on 23 October 2018 pushed the price above $55 resistance level.
I have placed a buy order around $55 since I can get out if it goes to $54.60. I have not yet predicted a good profit level though.
VZ: Different Timeframes zoomed in, Momentum AnalysisThe higher time frames trend lines, once zoomed in will give you a visual concept of the momentum of the stock.
Lines are made on Weekly and Daily timeframe.
Verizon ShortShort based of channels and fibs
My Entry: 63.50 - 64.50 (any entry between is okay)
Stop Loss: 66.02
PT: 59.00 are
Risk/Reward: 1:2.66
Verizon Short Short based of channels and fibs
My Entry: 63.50 - 64.50 (any entry in that range is okay)
Stop Loss: 66.02
PT: 59.00
Risk/Reward: ~1:266
Ive been planning this trade for the past 3 weeks and it is finally coming to fruition. The reason the r/r out of the gate is slightly under 1:3 is because I would rather keep my inital stop slightly looser, so that in case of a slight over extension I can be slightly more flexable at first, wait to see the trade go in my direction and then tighten the stops down and potentially add. I will post updates as that happens for anyone that is planning to participate in this trade. If the price flips where my projections tell me, I will pull my stop to 65.00 and add size so that the r/r will shift to about 1:4.
VERIZON ON THIN ICE!Verizon has already has undergone its Head and Shoulder correction from $59.50 to $58 but what scares me is that its still trading under its 1st support level. Verizon might retest $58.00 price next week but if we go under there's a big gap down to $55. Lots of reward potential If you can call the right option on it. Puts at $55 looks tempting and rewarding. $55 is bottom and if we lose bottom next up is $53.
Downside Coming for VerizonVZ is reaching an old all time high level and is showing a Bearish Divergence on the RSI (monthly chart), I am expecting some downside to come.
VZ 5G Incoming, about to break out of 4% Historic Dividend levelOne of the few bright spots through October, VZ continues to move towards it's ATH. Already testing their 5G network ahead of anyone else. Who needs home internet if your phone can stream 4k to the whole house??
I'm holding this for the Dividend, but first target would be the ATH (Blue Horizontal Line)
Eminent GEO Completion at CROW Code TGOEminent GEO Completion at CROW Code TGO:
Looking at imminent completion of the GEO's 5-point formation, preceding event to 1-4 TL validation.
CROW Code targets, as of today (23 OCT 2018):
1 - TGO = 59.12
2 - TGB = 67.71
AND
3 - TGU = 74.87
$VS/Monthly:
GEO:
1 - 1-2 Line Symmetry (1-2 SYM)
2 - 2-3 Line Complex Zig-Zag Formation (2-3 CZF)
3 - 3-4 Line Simple Zig-Zag Formation (3-4 SZF)
4 - 1-4 Line Tunneling Formation (3-4 TUN)
5 - 1-4 Target Line (1-34 TL)
Risk Lines:
1 - TGO to 1-4TL to TGU
OR
2 - TGO to TGB to 1-4TL to TGU
4xForecaster
VZ Verizon 2009 Up Trend Continuation & $64 ATH Range LT TestStrong Supp/Resistance at $54.36 + LT & ST #fibonacci R
LT $64 ATH Potential w/ Consolidation $54.36-$57+$57-$58.77
Divi & Safety Play
Long Term Up Trend since 2009 Healthy in a Telecom Sector known historically as safety plays during any market condition, while providing Dividend
Fundamental Catalyst here is roll out of 5G and being leader in technology while continuation in digital tech/media content growth
IHS potential VZ - Bullish to $64 rangeVZ has a bullish Inverted Head and Shoulder formation that could potentially see price move as high as $70.00
expect some sideways action next few weeks, with a clear break after.
tight stop loss maybe a good idea to practice here, market looks on edge of massive correction.
Cup and handle on VerizonA perfect cup and handle pattern can be observed on Verizon. Bullish potential is 12% in 5 months
VZ - lets try this againPositive movement after earnings, $2 gain.
Held the gains in a bear market, while competitors T and CTL both closed red.
Looking for consolidation between R 57.52 and S 56.50
Buying the breakout (yellow circle) for a $3 swing.
VZ CallsVZ has been performing well. Multiple past predictions and future forecast here, all previous targets hit.
