Stock pick : Verizon (V) captured SMA 200, good entry for a bounce

Verizon (V) captures SMA 200 recently and based on the 1 year chart, it appears like the major dips (July, September, and November)  are followed by a nice run up.  With SMA recaptured, this could be a nice run up. If the trend is intact, we could see a nice upside in the next few weeks.  I opened a position with stop loss at 2x ATR.

Long position, swing trade, stock market, free chart, trading

Post a Comment

Previous Post Next Post