Adsense

Saturday, February 29, 2020

Annual Forecast for Verizon Communications – 2020


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   
  

Buy and sell Perfect Money/Payeer/BTC/AdvCash; get funded quickly: www.ituglobalfx.com.ng

1 comment:

  1. Your Affiliate Money Making Machine is ready -

    And 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

    ReplyDelete