MRK- Donchian Channel Breakout- Buy signal
Earnings winner on Keytruda sales. In @ $77.00. Tight stop - half the way down on today's candlestick ~ $76.49. (I am not about to lose money on this one-much). Has support at $76.50 ish. Nice long strong uptrend, hopefully the momentum will last. Will close after a 2-3 day swing. Will trail stop @ the 3 ema if it continues up - surfing the wave. Target could be $80, about a 3.5R trade.
Confirmation: RSI and stoichastics up - hopefully previous chop will resolve now that earnings is done.
Confirmation: RSI and stoichastics up - hopefully previous chop will resolve now that earnings is done.
Trade closed: stop reached
Note
Uh yeah, so I set a too tight stop. My loss! Darn.
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