Verizon Communications stock (NYSE:VZ) has dropped sharply, following a
long period of sideways movement. The outlook for this year remains bearish.
Price was largely directionless from October 2019 until February 2020,
when it began to trend downwards. The market is below the EMA 21 and the William’s
% Range period 20 is also in the oversold territory.
That means the market is very weak irrespective of the current bounce
(which is just a rally attempt in the context of a downtrend). The market
remains weak and it would continue going downwards until it reaches the support
levels at 53.00, 52.00 and 51.00. The ultimate target for sellers is the
support level at 50.00.
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
Trading realities: Trading realities
Your Affiliate Money Making Machine is ready -
ReplyDeleteAnd earning money online using it is as simple as 1--2--3!
Here is how it all works...
STEP 1. Tell the system which affiliate products the system will promote
STEP 2. Add PUSH button traffic (this LITERALLY takes 2 minutes)
STEP 3. See how the system explode your list and sell your affiliate products on it's own!
Are you ready??
Click here to activate the system