Merck & Co. Inc. has broken through the resistance line of a Triangle. It has touched this line at least twice in the last 10 days. This breakout indicates a potential move to 78.88 within the next 2 days. Because we have seen it retrace from this positions in the past, one should wait for confirmation of the breakout before trading.
Related Posts
XOM – breach of price line that’s been previously tested numerous times before
XOM has breached the resistance line at 115.4800. It may continue the bullish trend towards 117.9020, or, it…
ADBE has broken through resistance of a Triangle. It has touched this line at least twice in the last 8 days.
This trade setup on ADBE is formed by a period of consolidation; a period in which the price…
BIDU moves lower to 126.73 in the last 2 days.
BIDU reached 126.73 after a 8.68% move spanning 2 days.