VZ // Double bottom at Fib. tested support

VZ is making a double bottom within the designated channel. Using Fibonacci Retracement levels, we see the support at $53.5, seems to align well with the 38.2% level.

Because the 61.8% level was broken, I expect the path of least resistance to be higher.



communicationsDouble BottomDouble Top or BottomFibonacciTechnical IndicatorsretracementtelecomverizonXLC

Penafian