$VZ: Verizon Communications is Trading within Buying Area

Verizon Communications Inc., commonly known as Verizon, is an US American telecommunications giant. Founded in 1983 as Bell Atlantic, it is a result of the break up of the Bell System into seven regional Baby Bells. Headquartered in New York, USA, Verizon is a part of DJIA, S&P100 and S&P500 indices. One can trade it under the ticker $VZ at NYSE.

Verizon Monthly Elliott Wave Analysis 07.27.2022

A closer look on the wave ((III)) reveals that Verizon develops an initial nest before acceleration higher can take place. Hereby, wave (I) of super cycle degree has ended in December 2019 at 62.22. From the highs, a pullback in wave (II) should find support in 3, 7, 11 swings above 21.56 lows. Then acceleration higher in wave (III) of ((III)) should take place.

Verizon Weekly Elliott Wave Analysis 07.27.2022

Investors and traders can be looking to buy Verizon in pullback from 48.60–40.32 area for long-term strength or for a bounce in 3 waves as minimum. The target for wave (III) will be 62.22 and higher.

Source: https://elliottwave-forecast.com/stock-market/verizon-communications-buying-area/

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