Verizon Trading Analysis (22/11/2024)
The trend is down. The upward wave structure is truncated. The stock is trading in a range between 365 and 135 ЕМАs. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an overbought condition.
Trading idea:
- Sell at the beginning of the formation of the descending wave structure, when wave A breaks the sloping channel of the ascending truncated structure.
- Stop-loss at 42.74.
- Price targets at 41.13 and 40.08.
#verizon #stock #tradersroom #daytradingpatterns #forexexpertadvisor
