The breakout of Verizon Communications Inc. through the 56.62 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, we expect the price of Verizon Communications Inc. to test 56.01 within the next 9 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
Related Posts
Important price line being approached by BIDU. This price has been tested numerous times before.
BIDU is approaching a resistance line at 138.5250. If it hits the resistance line, it may break through…
Support line breached by V. This price has been tested at least twice before.
You would be well advised to confirm the breakout that has just occurred – do you believe the…
AAPL – approaching a price line that has been previously tested numerous times in the past
AAPL is heading towards a line of 253.6100. If this movement continues, the price of AAPL could test…