On Tuesday (1/24), shares of Verizon (VZ) slid from above 52.00 to tagged 50.00. This sell off was most likely the reaction to VZ's Q4 earnings report. According to Yahoo Finance, Verizon posted fourth-quarter earnings excluding items of 86 cents per share on revenue of $32.34 billion.Analysts expected Verizon to report adjusted earnings of 89 cents per share on revenue of $32.092 billion, according a consensus estimate from Thomson Reuters. (Full Article at Yahoo Finance)In our previous update on VZ, we noted a bearish bias and a target of 49-50. As we can see on the 4H chart, this slide materialized and the question is whether VZ will find support here around the psychological level of 50.Verizon 4H Chart 1/25(click to enlarge)Fibonacci Retracement:- Note that price has stalled around 50.00, but it is still hard to say whether we should trust this initial support here.- After such a sharp dip, we might want to anticipate some more follow through based on a strong bearish momentum. - However, we should also note the support factors in this 49-50 area.- We can see that this was a support pivot in December and October.- Furthermore, 61.8% Fibonacci Retracement will be around 49.40. Very Short-term Bullish Anticipation:- If we see price find buyers a couple more sessions here, and if VZ closes the week stabilizing above 49.00, we could consider at least some short-term buying from here.- As far as a bullish target is concerned, we might wan to first limit the expectation to 52.00.