Verizon Communications may fall to 36.90 - 37.60

Our pivot point stands at 40.7.

Our preference

Under pressure below 40.7.

Alternative scenario

Above 40.7, look for 41.8 and 42.4.

Comment

The RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the share stands below its 20 and 50 day moving average (respectively at 40.2455 and 40.073).

Supports and resistances

42.4 **

41.8 *

40.7 **

40.3

39.67 (USD-last)

38.2

37.6 **

36.9 *

36.3 **

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