Technician
Short

Merck & Co: Bearish Signals

NYSE:MRK   MERCK & COMPANY INC (NEW)
223 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.

Latest trading ideas: https://www.youtube.com/channel/UC02s7uiUQl55HkhHZDM6eUw/videos

Free Telegram Channel: https://t.me/technician_forex_trades

Trading Signals Redefined: https://thefxchannel.com
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out