Merck & Co. Inc. has broken through a line of 80.54 and suggests a possible movement to 82.70 within the next 3 days. It has tested this line numerous times 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 29 days.
Related Posts
AAPL recorded 8 consecutive 4 hour bearish candles.
After posting 8 consecutive bearish candles in 5 days, you may start considering where AAPL is heading next,…
PFE – breach of price line that’s been previously tested numerous times before
The breakout of PFE through the 25.5400 price line is a breach of an important psychological price that…
AMD has broken through support of a Channel Up. It has touched this line at least twice in the last 37 days.
AMD has broken through the support line of a Channel Up technical chart pattern. Because we have seen…