Months ago, Verizon (VZ) seemed to be hammering out a sizeable top.
We can see now this was plainly the case. Once support was violated, it fell quite hard, then recovered in a hearty rally, only to succumb to selling pressure once more.
Thus leading to the failure of a lifelong trendline. I’d say Verizon, as a business, must be in some long-term trouble.
