Big movement expected on Verizon Communications Inc. after a breach of the support

Verizon Communications Inc. has broken through a support line of a Rising Wedge and suggests a possible movement to 59.91 within the next 15 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 8 days.