Verizon Communications may fall to 35.90 - 36.70

Our pivot point stands at 40.9.

Our preference

The downside prevails as long as 40.9 is resistance.

Alternative scenario

The upside breakout of 40.9 would call for 42.2 and 43.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 39.769 and 40.2656).

Supports and resistances

43 **

42.2 *

40.9 **

40.3

39.43 (USD-last)

37.5

36.7 **

35.9 *

35.2 **

Number of asterisks represents the strength of support and resistance levels.