The breakout of Merck & Co. Inc. through the 77.96 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, Merck & Co. Inc. could test 75.89 within the next 2 days. One should always be cautious before placing a trade, wait for confirmation of the breakout.
After testing 77.96 numerous times, Merck & Co. Inc. has finally broken through. Can we expect a bearish trend to follow?
