Verizon Communications Inc. has broken through the resistance line of a Channel Down technical chart pattern. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading. It has touched this line twice in the last 23 days and suggests a target line to be around 59.90 within the next 3 days.
Related Posts
BRK.B seems to be on its way to support – a possible opportunity?
BRK.B is approaching a support line at 498.3200. If it hits the support line, it may break through…
AVGO formed a Channel Up on the 1 hour chart. Retest of resistance in sight.
A Channel Up pattern was identified on AVGO at 243.165, creating an expectation that it may move to…
If INTC touches 19.8150 it may be time to take action.
INTC is moving towards a support line. Because we have seen it retrace from this level in the…