My thoughts on Verizon action
We are at an ideal time to go long in this action, this Monday I will go long with a StopLoss at 55.97 and a first TakeProfit at 61.
I'm going to close part of the action at 61, because between 60.7 - 62.2 it has a resistance that has never been able to break.
Since November 2018 the price tried 10 times until today to break that barrier without success.
To do this, you have to be careful, have a defined StopLoss before opening the operation.
In the case that I present, if the trade is favorable, we have a risk / reward ratio of 2.31.
For actions that I usually do in the long term, I do not recommend never entering a action without earning at least a risk / reward ratio of at least 2.
If the price could finally break the barrier it has had since November 2018, then the price could go to 66.
This is just my thought about this action, it doesn't have to be fulfilled.
If it is not fulfilled I would enter the StopLoss, if it is going to work well, then in 61 I would take off half of the shares, and the remaining shares would put a positive StopLoss and hold them in the long term.
We are at an ideal time to go long in this action, this Monday I will go long with a StopLoss at 55.97 and a first TakeProfit at 61.
I'm going to close part of the action at 61, because between 60.7 - 62.2 it has a resistance that has never been able to break.
Since November 2018 the price tried 10 times until today to break that barrier without success.
To do this, you have to be careful, have a defined StopLoss before opening the operation.
In the case that I present, if the trade is favorable, we have a risk / reward ratio of 2.31.
For actions that I usually do in the long term, I do not recommend never entering a action without earning at least a risk / reward ratio of at least 2.
If the price could finally break the barrier it has had since November 2018, then the price could go to 66.
This is just my thought about this action, it doesn't have to be fulfilled.
If it is not fulfilled I would enter the StopLoss, if it is going to work well, then in 61 I would take off half of the shares, and the remaining shares would put a positive StopLoss and hold them in the long term.