Published too hastily and can't edit - bull flag target should say 43. Recent activity is forming a broadening pattern (bearish). Bottom line is still that it need to break into the 50s.
BUY MRK @ 42.63 Mas ideas de inversion en ClubdeTrading.com
Short MRK at above $41.25. Stop on a daily close above $41.66. We have the benefit of a tight stop. Target one is $40 take half off. Target two (final target) $38.34. 20ma is also crossing 200ma. Stock below all moving averages. Stock looks weak and poised for more downside.
Long call..profit target $45 on underlying
taking a short position in MRK. You can see on the chart that a H+S formation is confirmed and the neckline has been breached. Target is around 38.30
MRK is forming a bullish schedule on its daily chart.It's currently at support. If Support holds, MRK should breakout out of the flag, and go higher. Time will tell