Long | MRKNYSE:MRK
Possible Scenario: LONG
Evidence: Price Action
This is my idea and could be wrong 100%.
1MRKX trade ideas
Short Term Idea (Jan 4th 2021 through May 2021)Merck (January 4th 2021 through May 2021)
Low: $79
High: $87-$96
Here's my shorter term idea for Merck, couple different possibilities but it does look like it has some gains to make, perhaps all the vaccine news was just at the start.
Long term idea is attached below in related ideas:
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
Long Term Attempt (Jan 2021)Merck (January 2021+)
Low: $41
High: $140
I expect this could be very wrong but I think its still good practice to try and look at major trends before looking at sub-waves.
To me it looks like either some sort of giant H&S at the moment or could turn into a channel as well.
Related idea has my short term 2021 forecast attached below:
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
Long Opportunity on MERCK & CONYSE:MRK appears to have found support on a trend line to the upside. Price is moving back up and I believe a long opportunity might be present here.
IRON TARIHi guys!
New Iron condor, chek my last trades, and get my script for free!
Enjoy your wallet!
Tari.
MERCK & CO : BEARISH BAT PATTERN - POTENTIAL R/R 1.88% 🔔Welcome back Traders, Investors and Community!
Analysis of #MRK
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Strategy: Bearish BAT With potential Max R/R 1.88%
A clear chart is Always the best business card for a trader.
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Your support and feedback will always welcome
Thank you for your time.
The information contained herein is not intended to be a source of advice or credit analysis
Regards,
Walter
it would definitely move outside 82.8/78.8- straddle / strangle Last price action is dodji and price is between two trends. It would move in one or another direction with good impulse.
Buy options - straddle / strangle construction. i would use ATR to define ranges.
MERCK buy signals on D1.MERCK (MRK), D1: Support line + Side of Bollinger bands + Hidden divergence + 2 Hammers
ABC Bullish Pullback Fishing LONG AFTER FALL IS COMPLETE from rising wedge pattern. There is NOT a clear uptrend yet. If it hits long entry price without an uptrend, Think twice before entering
MRK has fallen from a bearish rising wedge and hopefully fall is complete. Beware that rising wedge pattern has completed it's fall and that C does not change
Short interest is low
It Does look like it is trying to bottom though
Long entry only valid if price breaks entry point in a confirmed uptrend
Possible targets 2 97.6 to 102.5
Possible stop below 78.2
Not a recommendation
NV has decreased but usually increases if large players positions are threatened
Short is low
Fall from Rising and Narrowing WedgeThis pattern shows up in charts when the price moves upward with pivot highs and lows converging toward a single point known as the apex.
It differs from triangle as both trendlines slope up.
It is most often bearish at the top
NV has slacked off
But short interest is decreasing so perhaps recovering and found support
Just an observation
MRK .618 .382 TIME TO BUY AGAIN MERCK AND ALL DRUGS ARE NOW SETUP TO RALLY SHARP ONCE AGAIN i HAVE NOW MOVED TO A 85% NET LONG MRK AS OF THIS POST LOOKING FOR A VERY SHARP AND FAST RALLY OVER THE NEXT 20 TD
MRK Long, at Demand Zone High quality Fresh Demand Zone ;
Fib# 50% retracement
Entry 81.5
Stop 79.5
Target 88; reward:risk=3:1
10/28/2020 Earning.
I am not a PRO trader. I need few months to practice trading strategies.
If you like this idea, please use SIM/Demo account to try it, until my trading plans get high winning rate.
IRON TARIHi guys,
this iron condor is 3 weeks 7% strike
Short legs are 79 and 91, our probability is 82%
Enjoy your wallet!
Tari.
MERCK 87 Health BuffMERCK bullish pattern and trend.
May take some days, so possible pullback and bounce on the lower support (green line).
Could also channeling sideways, who knows. Difficult to lose with a warp speed candidate anyway.
BUY ON FRIDAY!
PT:87 at least
Stop if breaks green line.
Covid/Trump play.
$JNJ $MRK $ABT
