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

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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.

*Analisis pasar yang diposting disini dimaksudkan untuk meningkatkan pengetahuan Anda namun tidak untuk memberi instruksi trading.

Alexandros Yfantis,
Analytical expert of InstaSpot
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