Merck and Company Short Term We look to Sell at 93.34 (stop at 96.33) We look to sell rallies. Price action looks to be forming a top. Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. There is scope for mild buying at the open but gains should be limited. Our profit targets will be 86.55 and 83.96...
Rising Wedge and Ascending H&S, leading to a break down over a weak uptrend line down to the .618 Fibonacci line Rising wedges and H&S patterns are both considered bearish Attaching my thoughts about the ascending H&S
Monthly cup and handle, looks nice. Thanks to yamgaexpress for pointing this out..
This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... .zip (with PDF`s) @ my Google Drive Break Downs (Dow Jones Index incl. all shares) drive.google.com Best regards :) Aaron