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Big movement expected on Merck & Co. Inc. after a breach of the resistance

Merck & Co. Inc. has broken through a resistance line of a Triangle and suggests a possible movement to 84.26 within the next 3 days. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 28 days.

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We expect SI to trend upwards with a 83.33% chance.

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