Stocks

Are You Ready For 5G???

The Trump administration and government regulators unveiled a major push Friday afternoon at the White House to accelerate the rollout of the high-speed, next-generation mobile data technology known as 5G.

5G ((short for 5th Generation) is the next generation of mobile communication. 5G brings three new aspects to the table: greater speed (to move more data), lower latency (to be more responsive), and the ability to connect a lot more devices at once (for sensors and smart devices). 5G will be a whole new kind of network, enabling new experiences that will change how we live, work, and play.

Wireless companies are ramping up hiring as they roll out 5G service in cities across the U.S.

Job listings related to the fifth-generation mobile-phone service increased 12 percent in the past three weeks, according to data from the job search engine LinkUp. Carriers and their suppliers are in a rush to introduce the next-generation wireless technology, which boasts fast connection speeds of up to 1 gigabit per second. Just last week, Verizon Communications Inc. became the first U.S. carrier to offer 5G phones, with service in two cities.

Verizon listed 188 jobs that met the criteria, the highest of any company, according to LinkUp. But for a company with more than 140,000 employees, Verizon’s current 5G hiring is relatively small, making up only 6 percent of total openings.

Chipmakers are also boosting up their 5G teams. At chipmaker Xilinx, the 117 5G job openings make up 36 percent of the company’s total listed vacancies. Qualcomm, which has about 15 percent of patents essential for 5G networks, posted 10 more 5G job openings in the past three weeks.

Source

Starting on April 11, Verizon said 5G will be available throughout areas of Chicago and Minneapolis. Verizon says it intends to bring 5G to more than 30 cities in 2019. At launch, the network will only be available in select areas of Chicago and Minneapolis. The carrier did not reveal the roll-out plan for the additional cities.

So what can we expect from Verizon in the short term, lets go to the charts?

Monthly Chart (Curve Time Frame) – monthly supply is $62 and monthly demand is $37.

Weekly Chart (Trend Time Frame) – the trend is up.

Daily Chart (Entry Time Frame) – the chart suggests to wait as we are near higher time frame supply.

Despite the potential double chart, price need to break the demand before attempting to go short.

This post is my personal opinion. I’m not a financial advisor, this isn’t financial advise. Do your own research before making investment decisions.

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