Uptrend
It is a good passing out from a price level and getting buying position has low amount of risk.
Entry suggested by setting SL at a good place and targeting at about 230 as the first one.
Was researching the bio reactor space following the recent results of Sartorius and found that they three key players are Merck, Sartorius and TMO. Definitely not cheap, but the cheapest among peers, with solid fundamentals. A trade to watch out in dips.
Merck (GERMANY) - It is in 3rd of 5th wave of the impulse sequence as conservative count. The next three wave correction will be good opportunity to get in to uptrend for 5th of 3rd of 5th wave near the zone 168-165.
MRC - It is within ABC correction after completing Impulse up cycle. Stay bearish on small bounce of B wave for C wave down for target below 130.
Give thumbs up if you really like the trade idea/analysis.
-> Analysis of 14 Sep.
-> Good Morning Friends, here my 4H-Chart idea to MERCK. Bullish outbreak Daily-Chart -> (all further information can be found in the chart)
-> Please note: These analyses are not intended as investment recommendations! The analyses presented by me are in no way to be understood as financial advice! Please also note that you are always...
Another buy opportunity is appeared. Now price is on weekly trendline that is good point to go long. As you can see Lower lows turning to Higher lows. We can add position now and hold it for long time. Divergence on stochastic gives confirmation to buy. Entry point would be now at 89.00 or after breakout of trendline and previous high with target zones 100.00 and...
The price bounced from relevant support leaving us with a nice aggressive SL at 92.98 for long positions. I may open a long position ot the end of the day if it stays above 95.2.
