MRCK34 trade ideas
MRK Short
resistance at 4/27 high 84.67
reversal bar on 8/14
8/14 high is above 8/3 high 83.80 (breakout fail)
Merck a strong value with strong technicals and upcoming newsI've been holding Merck since its big dip to $76 back in June. At the time I set a price target of $82:
However, I didn't sell at $82 and have continued to hold the stock due to strong fundamentals, technicals, news, and sentiment. Merck has positive earnings and sales growth, with PEG ratio of 1.7 and PSG ratio of 2.3. It has a nice dividend yield at 2.9%, a rarity for a stock with such strong growth. Analysts rate it highly, with an average score of 80.25/100 from S&P Global and an Equity Starmine Summary Score of 8.5/10. With a put/call ratio of 0.41, sentiment on Merck is stronger than on most of the other stocks I watch. It's got a good ESG score and a long history of beating analyst estimates. Plus it's poised to benefit from some hype around its antiviral drug intended to fight Covid-19 that starts clinical trials in September.
In technical terms, Merck recently broke out of a triangle, got a couple bullish moving average crosses, and today broke out above its recent trading range. If Merck oscillates down to its moving averages, I may use that as an opportunity to add to my position. I think the stock still has plenty of upside, especially when the clinical trial headlines start to hit.
Barron's Recommends Merck. Barron's has recommended Merck on Aug 14, 2020. But $75 or $76 may be good entry points.
MERCK: The guaranteed winIt is such an easy task to accumulate profits from this stock market. The process that you should follow is:
1/ To enter the market through a long position;
2/ To reinforce our position by buying once again;
3/ To close/ sell because of the lower tendency of the stock market.
The right time of each action is indicated in the chart.
The concerned traders write in comments.
MRK: Ascending TriangleAscending Triangle
Pros
ATR climbing
Descending volume
PPS above 50MA
250RSI above 50
Cons
R/R ratio below 4, not good
PPS below 200MA
200MA Flat/Descending
If confirmed
PT1 = 81,74
PT2 = 83,02
PT3 = 85,07
PT4 = 86,84
Bonus PT5 = 88,40
Bonus PT6 = 90,07
Bonus PT7 = 92,12
Technical view of Merck & CO Hello every one
Merck's stock is moving in a short-term sideways direction.
With a high volumes.
Between levels 73.4 and 84.7
Therefore it is advised to trade between the two levels.
Good luck.
$MRK key support and resistanceFirst key test will be at 75.42
Next, 73.02 and then 66.49
Price Target: 83.46, Final Price Target near all time high 92
MRK Long, 60M Demand ZoneThe Highlighted Area had been traded many times.
Buy orders and Sell orders had been filled by each other.
Once demand zone got confirmed,
This area will be treated as GAP.
Earning will not affect this trade.
Entry: 74.5 (Below 75)
Stop: 72.8; Below Demand zone
Target: 82; risk/reward=1:4
This is a trading school homework. I need few months to practice trading plan.
If you like it, thank you for your support. Please use SIM/Demo account to try it, until my trading plans get high winning rate.
