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...
Long time trend line is supported, and MACD divergence in play. Trade with care as the stock closely correlates with DOW and SPX500. They are both pointing south though.
Forming Descending Wedge w/ Hidden Bullish Divergence in MFI
Merck fell into uncertainty on long term basis, but is on risk to fall on short term perspective. On long term perspective price is now in lateral range after it failed 10-year uptrend, by falling below 1st standard deviation from 10-year mean @ 54.65 (now the range upper border). The lower border of the macro lateral range is marked by 5-year mean, standing now...
Bounce to 60. Great entry point. Half in now, half in 57.50; stop 56
Noticing twitter finance talking about that drug company Merck a lot the last few days and I noticed this monthly chart today. This monthly charted is something to get excited about. Closing monthly bar above the December 2007 high of $61.62 at the end of January would be good. No position myself right now. Some easy profit targets would be long here and the...
MRK- Expect opening at 59.85 for a Gap N Go. Learn this strategy for free at www.RealLifeTrading.com