Nawaf__Q8
Long

MRK... one more advance

NYSE:MRK   MERCK & COMPANY INC (NEW)
Multiple reasons making MRK             is so attractive to buy stock or option calls. Elliott wave count show that iv wave in undergo and not yet overlapped with wave i. Other reason is the price puased at 38% fibo. Third reason the EMA 70 is hold price from falling. I am in in call option and when wave iv overlapped with wave i I will sell my position. Remember I am short-term trading. Good luck
Trade active: Today MRK doing very well and as I expected. Hope it will continue to reach to 60$ within next couple weeks.
Trade active: MRK announced earning beat the expectation.
Trade closed: stop reached
Comment:


See it now. Aug 19 call bought 0.8$ and now price is 3.4$ !!
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