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Trading idea for Verizon Communications Inc. (NYSE)

27.08.2021

Market Review

#VZ
The descending wave pattern is truncated. A bullish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals oversold conditions.

Trading idea:
Buy when an ascending wave pattern is formed, where the wave (A) breaks through the inclined channel of the descending truncated pattern.
Stop Loss under the local minimum.
Target levels: 56.80; 57.60; 59.80

Author: GC
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