Of course, nothing is assured so a tolerance should be observed for VZ, which I added over the last week on two separate occasions. It’s probably a boring trade, but for me it is a portfolio member offering diversification and balance.
A low priority update as the daily chart is making a test of the up-turning 200 day average after making a higher high. It’s a classic buy opportunity for anyone interested in this old dinosaur. If it loses the SMA 200 (caution) and then makes a lower low to November’s 55.43, the trade should be ended. But the implication of the trend out of March is a higher high in the coming weeks.
RSI and MACD are negative on the daily chart above. RSI is negative on the weekly chart and MACD is not very good looking with a double hump it is turning down from. All the more reason to respect the November low as a tolerance point if it goes bad.
A reminder that chart based NFTRH+ updates are technical trade setup ideas, which may not be revisited as the technical parameters are already noted. These updates are meant as a starting point for your further research if interested. I will not personally buy every item highlighted and will sometimes sell (ref. Trade Log) any item that I do buy below target (assuming I’ve not stopped out or sold for some other reason) as I often do. Also please be aware that I am not a fundamental stock analyst. Due diligence is your responsibility.
