2026-02-05
๐ Market Status: VZ is on fire! Trading at $47.10, up sharply from $44.64 earlier this week. Price is crushing all major EMAs (9: $44.03, 50: $41.22, 200: $41.62), showing serious bullish momentum.
๐ Technical Indicators: RSI at 91.88 is screaming overbought territory (well above 70), MACD histogram expanding positively at 0.915, and the stock gained 5.5% in just 3 days. This is momentum trading at its finest!
โ ๏ธ Reality Check: While the trend is your friend, RSI >85 typically signals exhaustion. Expect a pullback or consolidation soon. Tomorrow might see profit-taking after this parabolic run.
๐ฏ Prediction: Tomorrow likely red/flat as traders take profits. Week may close mixed. Consider puts for mean reversion play.
Trend: ๐ป BEARISH
Candlestick Pattern: Bullish continuation with exhaustion signs (2026-02-03: strong bullish +3.6%, 2026-02-04: continuation +0.5%, 2026-02-05: spinning top/doji -0.23% showing indecision at highs)
Support: ๐ข $46.17 (Feb 4 low), $44.50 (Feb 3 low)
Resistance: ๐ด $47.58 (Feb 5 high, immediate resistance)
PUTBUY VZ @ 46
Expiration: Feb 19, 2026 ยท 14 days out