Verizon Communications Inc. has broken through the resistance line of a Resistance. It has touched this line numerous times in the last 6 days. This breakout shows a potential move to 55.53 within the next 11 hours. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading.
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V is approaching 338.0450. We expect either a breakout through this line, or a rebound.
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