I have drawn one trend line in black touching the highest peaks on this chart. The more candles you touch with a trend line, the more powerful that resistance is. The T-spot on this chart is at $56. That is where the trend changes from bearish to bullish. If Verizon ($VZ) can break above $56, the trend will change. This is the best time to buy the stock and go long.
You can also see that Verizon ($VZ) hit the 200 simple moving average (SMA) (in red) 3 times and successfully bounced off it. Computers are loaded to buy on the 200(SMA).
I have also circled the volume bar at the bottom right corner to show you that volume has increased this past week. Dark Pool volume has come into Verizon ($VZ).
Let me show you the biggest Dark Pool prints we got recently for Verizon ($VZ).
On February 8, 2019 we got a large 547K print @$53.65.
On Friday February 15, we got a huge opening print which is highly unusual. 1.1 mil printed at $54.47. Normally I don’t pay too much attention to opening prints but this wasn’t normal.
We always want to pay attention to prints that are not normal. These are our best trades.
Look at this gigantic trade: