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MERCK & COMERCK & COMERCK & CO

MERCK & CO

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1MRKX trade ideas

Ascending Broadening Wedge Sets Up Positive Risk: Reward Ratio With market internals showing signs of weakness and less and less mega pharma co.'s hitting new highs, FlashPoint Trading Academy has been on the hunt for a good shorting opportunity. We've made plenty of money trading Merck to the long side and now its time to reverse our position. As you can see by the above chart pattern, MRK's price action has formed an Ascending Broadening Wedge Pattern. The April high should prove difficult to breach to the upside which is approximately 3 points away. On the other hand, a push below the rising blue trend line could send MRK spiraling back to support, $10 points away. 1:3 Risk to Reward. Please click like and follow FlashPoint's other actionable trade ideas. Thank you!
NYSE:MRKShort
by AlgoTrend
MRK needs to find support - what to look forHey everyone, Moving away from the typical crypto posts today. We are checking out MRK. This stock has seen some hefty losses in the past few days, pushing the RSI into a oversold area The increasing bear volume has not been supportive, and the price is breaking past the .382 fib level. The stock is looking to find support, but the last few days have not shown any. Before entering into this long position, we need to see some consolidation on price and bullish movement. Increasing bear volume after a week of losses is also not supportive of increasing price levels. The RSI will need to cool off towards the 40-45 range before we can see some bullish movement. After consolidation, wait for price to retreat to a newly made bullish fib level, signaling a new trend. Once a new high is made, it opens the stock up to a head and shoulders pattern, pointing south again. We would need to see bullish divergence either from volume or from the RSI to bring price higher after this. As is, we are in a bear movement that could pose a falling knife until proper support forms. What do you think? Where could we support form? -Block
NYSE:MRK
by block21e8
MRK- Donchian Channel Breakout- Buy signalEarnings 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.
NYSE:MRKLong
by KAS109
Low risk setup for MRKWhy is this setup good? Strong contextual uptrend Price continues moving in the direction of main trend since it bounced at support EMA(100) and EMA(50) Momentum building on MACD 12-26, MACD signal line crossed the 0 line First reaction (contraction) since MACD crossover Trigger Candle testing EMA 3, 6 and 18 Low Setup Risk - just 1.29% in risk Entry rules: Buy Stop order or Manual Buy at 79.58 at the next interval(candle) open Cancel the order at the end of the day if 79.58 does not get triggered Stop Loss (S/L) level at 75.26 (adjust position size accordingly, don't risk more than 3% for your current account balance) Trade management -Move S/L to break-even when price CLOSES above 76.70 Exit rules: -Target 79.58 (Risk-Revard ratio ~3.41)
NYSE:MRKLong
by jorens.zile