Verizon Trading Analysis (03/09/2025)
The trend is ascending. The downward wave structure has been truncated. The stock trades within the range of 365 and 135 EMAs. There is bullish divergence on the Awesome Oscillator.
Trade idea:
- Buy when the ascending wave structure breaches the formation, when wave A breaches 43.86 (pivot 2 of wave C of the descending truncated structure).
- Stop-loss at 43.50.
- Price targets are 44.40 and 45.38.
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