Technician
Short

Merck & Co: Bearish Signals

NYSE:MRK   MERCK & CO INC
218 0 3
Multiple rejection at channel resistance as price forms firstly a shooting star last week, and a bearish meeting line today. A strong Bearish divergence on Chaikin Money Flow Index is also clear. I expect a retest of 50.85-50.15 support area very soon, unless price manages to take the channel resistance and the high of today's candle.

Bearish Meeting Line: Not very common candle pattern, the bearish meeting line is a down day that closes at or very close to the prior day closing price, hence meet.
If you dont want to miss any trade and see all the trades live, fully transparent. No bullshit like some others. Join my FREE channel here https://telegram.me/technician_forex_trades
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out