Looking waaaay back there is a giant cup forming... and now nearing ATH's... and forming a bull flag. Watching a couple points - want to stay inside this upward channel on the drop and want it to break through at the 2000 ATH. Super interesting chart.
NYSE:MRK
NYSE:MRK seems to be tracking right along this path. It will be interesting to see how high it goes if they have solid earnings. And even more interesting if the stock goes down as it approaches the dividend like it has the last 3 times...
Price should be pushing down towards the 72-74 area! If you like some income, the company pays a good dividend! If the price beaks the first down trend line, then it should most probably keep going down the next important level of support ! This is a defensive play ! Just my opinion :)
The PEAD projected a Bullish outlook for $MRK after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 71.43%.
Above 74.80 supports a bullish trend direction. Breaking below this level will negate the bullish stance.
Upside price momentum supports the bullish trend direction.
RSI leaves enough room for further upside price potential.
Trend strength indicates a weak indication that a trend might be developing.
MACD bullish crossover (lower panel) supports a change in trend...
So far, MRK is going exactly like the previous Dividend payouts. Dropping down to these levels. My guess is it will rebound after, so it should be a great time to get in.
Immediate targets 85, 86. Invalidation at 76.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels...
If i look at this, it seems every time its dividend time, the stock drops and then rebounds, right around the same amount. Seems like a good entry point?
If the pair moving within the price channel breaks the channel, the next target will be the channel width. Investment information, comments and recommendations contained herein are not within the scope of investment consultancy. Investment consultancy service is offered individually, taking into account the risk and return preferences of individuals. The content,...
And that's expected to an extent after a sizeable and quick drop. Merck did one, and fractally we are due to a rise that can potentially be viable percentage wise. But who knows what will happen.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with...
MRK looking like it's about to pop again...Filled 2nd GAP this week with a slight move down with another move hopefully up to fill the 3rd GAP at the $90 range...I am long on this stock
