Merck & Co has been in Bearish Cycle since the major top in 2000. Since when it appear to have completed (a) and (b) of the abc zigzag. Coincidently also we have potential double top in the making. If correct then future for the investors in Merck & Co will get even more murkier and painful as potentially we could have impulsive leg c of the abc unfolding.
Not sure what the earnings number will be release tomorrow, though it is unlikely to bring any sustained pain relief.
This would particularly be the case if the wider equity market also experience anticipated weakness.
As always be sure to do your own analysis. If you like my analysis select to follow me if you haven't already and select to follow the charts for any updated and share is with your trading circle.
Not sure what the earnings number will be release tomorrow, though it is unlikely to bring any sustained pain relief.
This would particularly be the case if the wider equity market also experience anticipated weakness.
As always be sure to do your own analysis. If you like my analysis select to follow me if you haven't already and select to follow the charts for any updated and share is with your trading circle.
