Verizon Communications Inc. has broken through the resistance line of a Inverse Head and Shoulders. It has touched this line at least twice in the last 6 days. This breakout indicates a potential move to 57.87 within the next 9 hours. Because we have seen it retrace from this positions in the past, one should wait for confirmation of the breakout before trading.
Related Posts
Because INTC formed a Triangle pattern, we expect it to touch the support line. If it breaks through support it may move much lower
A Triangle pattern was identified on INTC at 21.03, creating an expectation that it may move to the…
BIDU has formed 5 bearish candles successively, what is the probability of getting another bearish candle?
BIDU has experienced an unusual quantity of bearish candles on the 4 hour timeframe. This is in the…
PFE is quickly approaching a very important level it has previously tested numerous times in the past
PFE is moving towards a key support level at 23.0550. PFE has previously tested this level 4 times…