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Analytical Reviews

Stock Markets

10.11.202316:31 Forex Analysis & Reviews: Bullish on Verizon stock price.

Long-term review

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 10.11.2023 analysis

Red line - resistance

Blue lines- Fibonacci retracement levels

VZ stock price has recently broken above the red downward sloping trend line and above the latest lower high. There are increased chances that the entire decline from $61.93 is complete and that we should now see a strong bounce in price. VZ stock price has given us our first sign of strength after a long time. We might see a pull back in the near term or a back test of the broken red trend line, but in the medium-term I expect VZ stock price to move higher towards at least the 38% Fibonacci retracement level at $42.20 area. I believe that VZ stock price is in the process of forming a major low.

Alexandros Yfantis
Analytical expert of InstaForex
© 2007-2025

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Fundamental analysis

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.02% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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