Verizon Communications may fall to 35.10 - 36.00

41.2 is our pivot point.

Our preference

Under pressure below 41.2.

Alternative scenario

The upside breakout of 41.2 would call for 42.8 and 43.8.

Comment

The RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the share stands below its 20 and 50 day moving average (respectively at 41.2125 and 40.6228). Finally, Verizon Communications has penetrated its lower daily Bollinger band (40).

Supports and resistances

43.8 **

42.8 *

41.2 **

40.6

39.09 (USD-last)

36.9

36 **

35.1 *

34.1 **

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