Verizon (VZ) is showing strong bullish signals and an ascending triangle pattern. It is currently at a great entry point. This is a good 10-20 day trade (somewhere between a swing a medium term play).
Strategy:
- Enter LONG immediately. Set price target just below previous peak at $54.50. Set stop loss below support line at $48 (can be adjusted based on time value).
Other notes:
- Keep an eye on this stock. It's an ascending triangle! If price action breaks through the resistance line (~$56.50) and remains there for a second consecutive day, re-enter the position long with another price target of $61, but immediately exit the position upon seeing "choppiness" in the candlesticks. That is, when the candlesticks start to show long sticks to the upside.
Strategy:
- Enter LONG immediately. Set price target just below previous peak at $54.50. Set stop loss below support line at $48 (can be adjusted based on time value).
Other notes:
- Keep an eye on this stock. It's an ascending triangle! If price action breaks through the resistance line (~$56.50) and remains there for a second consecutive day, re-enter the position long with another price target of $61, but immediately exit the position upon seeing "choppiness" in the candlesticks. That is, when the candlesticks start to show long sticks to the upside.
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Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.