Technician
Short

Merck & Co: Bearish Signals

NYSE:MRK   MERCK & CO INC
222 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.
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