The breakout of Merck & Co. Inc. through the 76.69 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, we expect the price of Merck & Co. Inc. to test 75.04 within the next 13 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
After testing 76.69 numerous times, Merck & Co. Inc. has finally broken through. Can we expect a bearish trend to follow?
