1MRKX trade ideas
MRK: swing trade!Above 74.80 supports a bullish trend direction. Breaking below this level will negate the bullish stance.
Upside price momentum supports the bullish trend direction.
RSI leaves enough room for further upside price potential.
Trend strength indicates a weak indication that a trend might be developing.
MACD bullish crossover (lower panel) supports a change in trend direction.
A break above its 200-day will act as further support to the trade idea.
Merck gaining momentum. MRKImmediate targets 85, 86. Invalidation at 76.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
Price Channel If the pair moving within the price channel breaks the channel, the next target will be the channel width. Investment information, comments and recommendations contained herein are not within the scope of investment consultancy. Investment consultancy service is offered individually, taking into account the risk and return preferences of individuals. The content, comments and recommendations contained herein are in no way guiding, but are of a general nature. These recommendations may not be suitable for your financial situation and risk and return preferences. Therefore, making an investment decision based solely on the information contained herein may not yield results that meet your expectations. Burada yer alan yatırım bilgi, yorum ve tavsiyeleri yatırım danışmanlığı kapsamında değildir. Yatırım danışmanlığı hizmeti, bireylerin risk ve getiri tercihleri dikkate alınarak bireysel olarak sunulmaktadır. Burada yer alan içerik, yorum ve tavsiyeler hiçbir şekilde yol gösterici olmayıp genel niteliktedir. Bu öneriler finansal durumunuz ile risk ve getiri tercihlerinize uygun olmayabilir. Bu nedenle, sadece burada yer alan bilgilere dayanarak bir yatırım kararı vermek, beklentilerinizi karşılayan sonuçlar vermeyebilir.
Merck and Co. gearing for a boost. MRKAnd that's expected to an extent after a sizeable and quick drop. Merck did one, and fractally we are due to a rise that can potentially be viable percentage wise. But who knows what will happen.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
MRK - Attempting to retest 3-year range high at 88-90 area Mrk has been making higher lows over the past three years of consolidation between the 70 and 90 range. After finding support at the 200 day MA, the stock could rally toward the range high at the 88 area for a retest. The major resistance is the 92 (year 2000 peak) and 91.4 (Nov 2021 peak).
$MRK breakout...This resolved in the exact way I wanted. Bought 1/21 $80 calls yesterday at $0.26, now almost $1. Now I have plenty of options, 1. Close out take profit and move on, 2. Sell the topside of the spread and have a free trade, 3. Sell the weekly $80's or $80+ spreads and collect premium for 1/7, 1/14 then the topside of the 1/21....
Triple BottomPossible stop under lowest bottom or where you see support.
Possible stop under green dashed line somewhere but keeping in mind market makers do go stop hunting on occasion at the most inopportune times.
Suspicious looking top but a triple bottom can show the bulls made a stand at that level.
Price is at resistance possibly caused from the bottom of previous gap. Another gap or 2 overhead.
The alligator indicator is tangled which can signify consolidation.
No recommendation.