MRK has seen strong bullish movement in the past, right now it is in recovery phases of its last bearish move
This can be compared to an earlier phase in price development (in rectangle boxes)
Once this recovery is completed strong bullish movement should ensue, pushing price above the trend line in white
50MA is in white
This can be compared to an earlier phase in price development (in rectangle boxes)
Once this recovery is completed strong bullish movement should ensue, pushing price above the trend line in white
50MA is in white