Verizon Trading Analysis (05/03/2024)

The trend is ascending. The downward truncated wave structure finished with the breach of the sloping channel. The stock is traded in the range between 365 and 135 ЕМА. There is bullish divergence on the Awesome Oscillator. The breach of the 40.31 level will start the formation of the ascending wave structure.

Trading idea:

Buy at the breach of 40.31.

Stop-Loss at 39.26.

Target price levels at 41.25 and 42.60.

#verizon #stock #tradersroom #daytradingpatterns #forexexpertadvisor