Trading Conditions
Products
Tools
Red lines- bullish RSI divergence
Verizon (VZ) stock price is in a bearish trend making lower lows and lower highs. However recent lows in price were not followed by lower lows in the RSI suggesting that the downtrend is weakening. VZ stock price has the potential of a strong bounce towards at least $44. The RSI has been providing us with bullish divergence signals that traders should not ignore. Bears need to be cautious and protect their gains. A reversal is highly probable and justified from current levels. The RSI bullish divergence pattern is very commonly seen and we usually see trend reversals after a couple of bullish divergence lows. This is not a reversal signal, only a warning.
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.
We may place cookies for analysis of our visitor data, to improve our website and measure advertising performance. Overall this data is used to provide a better website experience. More information
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of Instant Trading EU Ltd including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.
We are sorry for any inconvenience caused by this message.