$VZ has just been glued to our projection and I know there is interest in $VZ as it has a high 7.95% dividend yield but for me this is just not worth it right now as it declines at a much higher rate.
We can see that the price rejected at the bull/bear case resistance line at $34.50, further confirming the downward trend and I see this comfortably in Wave 5.
If you can buy at my Wave C level and we see signs of stabilising or reversing, then this is certainly a stock to consider....as you will experience a high dividend yield and a stock price increase too.
Ramon
2024-01-23 18:57:50 +0000 UTCTrader_MattPro
2023-09-11 17:12:42 +0000 UTC