11.09.2015 - First Merchants can change trend to negative

The price of First Merchants broke through the sloping support line and currently continues to move along it. In order to continue growth, quotations need to overcome the strong resistance level at 26.50, but more likely, according to our forecasts is the beginning of a downward price movement with the first target at 25.00, after which the decline may continue until 24.00 and 22.90. We expect a correction in the near future.

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