Red lines- bullish divergence
Following our VZ stock price analysis back in October 18th, we see VZ stock price bouncing higher as expected. The bullish RSI divergence has provided us with an early warning that the downtrend was close to its end. The decline from $52.16 is most probably over. Price has started making higher highs and higher lows. The RSI is now positively sloped and we expect to see more upside over the coming sessions. Support is at $36.79. Bulls do not want to see price break below this level.
