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jacobosiason7
9 Eyl 2021 12:53

Falling Wedge- Bullish Alış

Verizon Communications Inc.NYSE

Açıklama

Been watching VZ for a while now and has been holding this wedge for quite some time, with quadruple witching coming up on the 17th and September being historically a bad time for equities, a low beta stock like VZ should theoretically outperform the broader markets. (VZ Beta = 0.45). From a technical standpoint, VZ is also looking quite nice, closed yesterday sitting right on its 20-day SMA (not pictured), falling wedge on the 4hour and daily timeframes, Bollinger bands are also squeezing, with volume- should pop. Just some FIB levels & RSI-based supply and demand zones to keep an eye on- Bullish and looking for a breakout.

PT1- $55.70
PT2- $56.33
PT3- $57.82+
Yorumlar
christianmartin4746
I am not as familiar with VZ but this looks good. I was working on my VZ chart and the last candle opened and closed off my trend line which signifies a potential reversal. Fibonacci lines exactly with where your PT are. I would use the PT1 as a entry/breakout point

jacobosiason7
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