Verizon Communications Inc.
Long
Updated

VZ long position

593
hi traders


After successful breakout , On 27 of October, the price retested previous downsloping resistance as a support and has started a new uptrend.

Currently the price is moving inside the ascending broadening wedge pattern.
Our strategy is to enter the long position at the upsloping support (blue trendline).
Target for longs: 42,57 $

If the price breaks below 36,40 $, we will close the long position as it would be an invalidation of the current uprent.

Good luck
Trade active
the price bounced on the support and is going higher.
Trade closed: target reached
Textbook. Everything exactly as expected. Target reached

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