Verizon
Communications shares (NYSE:VZ) are a bull market, which is supposed to
continue. From August to November 2017, the trend was largely neutral. But in
November 2017, a bullish journey started, which has become strong, and which
has held out till today.
The ADX
period 14 is around the level 30, which signals a considerable amount of
momentum in the market. The DM+ is above the DM-, showing that bulls are
dominant.
The MACD, default
parameters, has both its signal line and histogram above the zero line. There
is a Bullish Confirmation Pattern in the market.
Verizon
Communications is bullish and that stance will continue in most part of 2018.
It could reach the supply zones at 60.00, 70.00 and 80.00.
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
Traders’ Mindset: Traders' Mindset
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