$VZ has had a tough couple of years after losing half of its value while dishing out a high 6.31% dividend too.
Wave 5 in amber found support convincingly on the 0.78 Fib and it has bounced very well.....maybe the dividend payment is very attractive as a safe haven going into this year.
I would like to see a pull back here to the white fib levels as shown, to inbetween the 0.5 and 0.618 Fib between $36 - $35....a hold here and we have a Wave 2 and I can add the impulse waves and there is likely a route back up to the top blue line at $62.