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...
MRK - 60 min chart is set up perfectly for a bounce. This is a higher risk trade as the daily stochastic is still looking for lower. Will get long via Calls on any weakness on Monday 5/8.
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...
