VZ climbs to 100SMA

7 Kas 2023

VZ is looking to take the teal line which has had a lot of action the past few months. The 100SMA is colliding with price action. I entered VZ long around 31$ and have held onto it as a recession play with the safe dividend and apparently bottomed price action. The company beat on earnings which gave fuel to the forgotten about value stock. The next target is 37.5$, I am eyeing another DCA if this teal line can become a multi-day support.