Hey everyone, Moving away from the typical crypto posts today. We are checking out MRK. This stock has seen some hefty losses in the past few days, pushing the RSI into a oversold area The increasing bear volume has not been supportive, and the price is breaking past the .382 fib level. The stock is looking to find support, but the last few days have not...
MRK is approaching our first support at 66.70 (horizontal overlap support, 100% fibonacci extension, 50% fiboancci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 74.94 (50% fibonacci retracment, 61.8% fiboancci extension). Stochastic (21,5,3) is also approaching support where we might see a...
Why is this setup good? Strong contextual uptrend Price continues moving in the direction of main trend since it bounced at support EMA(100) and EMA(50) Momentum building on MACD 12-26, MACD signal line crossed the 0 line First reaction (contraction) since MACD crossover Trigger Candle testing EMA 3, 6 and 18 Low Setup Risk - just 1.29% in risk ...
Head and shoulder pattern, right shoulder looking like it is currently in formation. Currenly prices are right at previous resistance and support. If 76.38 is bounced from, short target is at the next level of support at 72.78 RSI and Stoch indicate market is strongly over bought, which further point toward a short play being the case over the next few days.
Short based of channels and fibs My Entry: 75.07 (any entry under 75.00 is okay) Stop Loss: 78.00 PT: 61.00 area Risk/Reward: ~1:7 This trade has a low probability of working, but it does fit my system, and if it moves in my direction the reward is very high. This trade will most likely take 6 months to a year.
44.99% ?? Inverse relationship to the SPY
The price here has focused into the obvious descending triangle for almost about a year now! It is not obvious if it will hold or not, but the current company health especially regarding profitability along with price action point towards a downward move, especially after the bullish momentum over the last couple of days. This play is being taken to play on the...
MRK was one of my favorite companies to trade back to the days I worked for the bank. It suffered almost 20% pulled-back from its peak, and it might be time to look for mid-term positions! I would like to wait for daily reversal sign near 53-54 to long, with stop loss below 50.00 Let's see how it goes!
I think $MRK offers a terrific low risk long here, a great biotech company to own in this particular juncture. $IBB is acting very strong, there is a monthly uptrend active currently in the sector, so, finding the strongest contenders will yield great returns going forward. Best of luck, Ivan Labrie.
After earnings, Implied volatility rank is still at 50 so looking to add premium to my portfolio theta I Sold the 65/62.5 Strangle on MRK. Trade: Short 65 Call Short 62.5 Put Collected $1.85 54% probability of profit Will look to close at 50% of credit received.
On April 19, 2017, Merck & Co ( NYSE:MRK ) crossed above its 150 daily moving average (DMA). Historically this has occurred 227 times and the stock does not always move up. It has a median gain of 4.139% and maximum gain of 18.194% over the next 16 trading days. When we take a look at other technical indicators, the relative strength index (RSI) is at 40.4843....
Merck & Co. ---------------- ---------------- Not Investment Advice. ----------------
This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... .zip (with PDF`s) @ my Google Drive drive.google.com 4XSetUps for next week - friday close (DOW 30 Index & all shares) Best regards :) Aaron
This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... .zip (with PDF`s) @ my Google Drive Break Downs (Dow Jones Index incl. all shares) drive.google.com Best regards :) Aaron
Go long the MRK if it trades at 63.48 or higher. If triggered, place your stop at 61.11 and exit the position for a profit at 65.62 or at your own discretion. (Always invest wisely).