Short term view - VERIZON COMMUNICATIONS : The 50% retracement has been passed.
Our previous opinion was neutral.We turn negative with a target at 45,7 $ and an invalidation level at 48,6 $.
The bullish trend is in the course of being reversed.
Arguments :
- The major support has been breached.
- The 50% retracement has been passed.
- The 62%...
Verizon Communications is a holding company. Through its subsidiaries, the company provides communications, information and entertainment products and services to consumers, businesses and governmental agencies. The company has two reportable segments, Verizon Consumer Group (Consumer) and Verizon Business Group (Business). The company's Consumer segment provides consumer-focused wireless and wireline communications services and products under the Verizon brand and through wholesale and other arrangements. The company's Business segment provides, among others, wireless and wireline communications services and products, video and data services, corporate networking solutions, security and managed network services.
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