The breakout of Verizon Communications Inc. through the support line of a Triangle could be a sign of the road ahead. If this breakout persists, we expect the price of Verizon Communications Inc. to test 54.82 within the next 20 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
After testing support twice in the past, Verizon Communications Inc. has finally broken through. Can we expect a bearish trend to follow?
