This chart has a plethora going for it on the Bullish side.
$VZ broke out of a Large Rounded Bottom. The width of this smooth base is key for the potential move to follow.
Broke out nicely & got way too aggressive to the upside and pulled back.
Has now put in a smaller Rounded Base with is very smooth. Don't want to see a choppy base.
RSI working off of key level.
The key is the SMA50 break and closed at the high end of the Price Range for Friday. Bulls are in control. Will need to confirm on Tue., Sept. 2nd. Fireworks soon!
$VZ Daily Chart:
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