Merck & Company: Channel Breakout & Target is 0.6 Fib, +13% ROI

Oct 4

In Merck & Company, a Rising Channel Pattern has formed, and the Trendline has Breakout below. The Target is the 0.5 or 0.6 Fibonacci Retracement levels, with the Potential to Achieve a +13% Profit.

Oct 31

Trade closed: target reached

Target going to reach or almost reached, only 2.5 points difference.... But 0.5 Fibonacci Retracement level crossed. Refer to this image