Merck & Co. Inc. has broken through a line of 76.51 which it has tested numerous times in the past. We have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading. If this new trend persists, a target line of around 75.25 can be expected within the next 8 hours.
Related Posts
PYPL – approaching a support line that has been previously tested at least twice in the past
PYPL is heading towards the support line of a Rectangle and could reach this point within the next…
If AMD touches 157.2200 it may be time to take action.
AMD is about to retest a key horizontal support level near 157.2200. It has tested this level 4…
A possible move on XOM as it heads towards support
XOM was identified at around 114.195 having recently rebounded of the resistance on the 1 hour data interval.…