The breakout of Merck & Co. Inc. through the 77.61 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 74.95 within the next 3 days. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
After testing 77.61 numerous times, Merck & Co. Inc. has finally broken through. Can we expect a bearish trend to follow?
