Verizon Communications Inc.

VZ retest of structure incoming!

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VZ being a failing there is no surprise for this chart pattern. VZ has shot below its Low price target for the year and We are seeing a very oversold VZ using our indicators and by looking at MA’s. Verizon will make a slight correction back up on the retest, but once this correction is over the VZ run will quickly end. The stock could fall to low to 40s or even lower.

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