Merck - interesting to long after earnings (28 July)

Something to pay attention to. $MRK might be building a mode here. The daily downtrend stopped at the arrow. I'm interested to see if it can find support at last KEL and move up from there. Perhaps after earnings we will know more. It's on my watch list.

Trade active:

Opened a 1% position at KEL ($62.99). Let's see where it goes.

Trade closed manually:

Closed at $62.27. I will wait for earnings. It's opened below the mode.