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Important support line being approached by Merck & Co. Inc.. This price has been tested numerous time in the last 41 days

Merck & Co. Inc. is moving towards the support line of a Rising Wedge which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If Merck & Co. Inc. continues in its current trajectory, we can expect it to reach 76.80 within the next 3 days.

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After testing the resistance line numerous times, FRA40 is once again approaching this line. Can we expect a bullish trend to follow?

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