Merck & Co. Inc. has broken through the resistance line of a Resistance. It has touched this line numerous times in the last 13 days. This breakout shows a potential move to 78.28 within the next 22 hours. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading.
Related Posts
Supports and resistances are primary concepts of technical analysis. AAPL is heading for an important price of 223.9350 – read about what this could mean for the future.
AAPL is approaching a resistance line at 223.9350. If it hits the resistance line, it may break through…
MSFT formed a Channel Down on the 1 hour chart. Retest of support in sight.
MSFT is approaching the support line of a Channel Down. It has touched this line numerous times in…
After experiencing a 22.18% bearish move in the space of 22 days, nobody knows where BIDU is headed.
For those of you that don’t believe in trends, this may be an opportunity to take advantage of…