Verizon Communications may fall to 35.90 - 36.80

Our pivot point is at 41.4.

Our preference

The downside prevails as long as 41.4 is resistance.

Alternative scenario

The upside breakout of 41.4 would call for 43 and 44.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 40.938 and 40.5704).

Supports and resistances

44 **

43 *

41.4 **

40.8

40.09 (USD-last)

37.8

36.8 **

35.9 *

35 **

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