Merck & Co. Inc. has broken through the resistance line which it has tested twice in the past. We have seen it retrace from this position before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target line of around 84.58 can be expected within the next 16 hours.
Related Posts
Important price line being approached by AMZN. This price has been tested numerous times before.
A strong support level has been identified at 219.5600 on the 1 hour AMZN chart. AMZN is likely…
Large bearish move on NKE.
Rare candle sequence recorded on the NKE 4 hour chart, ending at 74.3100.
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…