Shares of Verizon Communications Inc., one of the largest American telecommunications companies, are trading at 43.00.

On the daily chart, the price is moving in a corrective trend, approaching the resistance line of the sideways channel 43.00–38.50.

On the four-hour chart, the nearest resistance level is last week's high at 43.20, a fix above which would mean exiting the range. The most likely scenario is growth towards the target at 46.00, and a decline is possible if the asset consolidates below the 41.00 level.

Technical indicators maintain a stable signal to buy: fast EMAs on the "Alligator" indicator move away from the signal line and increase the range of oscillations, the АО histogram is forming corrective bars above the transition level.

Trading scenarios

Long positions may be opened after the price consolidates above the level of 43.20 with the target at 45.40. Place Stop Loss order — 42.00. The execution period is: 7 days and more.

Short positions may be opened after the price consolidates below the level of 42.00 with the target at 38.50. Place Stop Loss order — 43.00.