Will Verizon Communications Inc. have enough momentum to break resistance?
Verizon Communications Inc. is heading towards the resistance line of a Triangle and could reach this point within the next 18 hours. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
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