The breakout of Merck & Co. Inc. through the 78.28 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 80.93 within the next 2 days. One should always be cautious before placing a trade, wait for confirmation of the breakout.
Related Posts
If you’re long AMD you should be aware of the rapidly approaching level of 114.2000
AMD is approaching a support line at 114.2000. If it hits the support line, it may break through…
NFLX is quickly approaching the resistance line of a Channel Up. We expect either a breakout through this line or a rebound.
NFLX is moving towards a resistance line which it has tested numerous times in the past. We have…
Important price line breached by AAPL. This price has been tested numerous times before.
A strong support level has been breached at 199.7100 on the 1 hour AAPL chart. Technical Analysis theory…