Technical Outlook Video for Verizon $VZ and AT&T $T Stocks Week 27th April
This week on we will be looking at the phone companies. Specifically the two major cellphone companies that are battling it out like fighting robots.
On Verizon this week. Price has broken through 48.00 which has also broken through the bottom of a range that price was in. It will likely continue down to $47 to 46 daily demand zone and last year’s low as the market moves from a rangy condition into a trending condition. I would like to see just a little retracement back up into $48.50 area before continuing down this coming week.
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On AT&T, The elite software says we are down and Rangy. I agree with that and believe that this new low at $40. Is the start of something new and price will continue down to daily demand at $38.74. Again I’m looking at price pushing up just a little bit to hit brand new fresh supply before continuing to the downside. Last years low is at $36 and I would be looking for that to possible happen here long term. For this week’s forecast I’m looking for price to start to Trend now to the downside as we have broken out of the range.
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