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.

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