The breakout of Merck & Co. Inc. through the 85.74 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 86.44 within the next 8 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
Related Posts
PFE – breach of price line that’s been previously tested numerous times before
PFE has broken through a resistance line. It has touched this line numerous times in the last 63…
After testing support twice in the past, AMZN has finally broken through. Can we expect a bearish trend to follow?
This trade setup on AMZN is formed by a period of consolidation; a period in which the price…
Supports and resistances are primary concepts of technical analysis. TSLA is heading for an important price of 332.9500 – read about what this could mean for the future.
TSLA is moving towards a resistance line. Because we have seen it retrace from this level in the…