MRK trade ideas
Bullish Crab MRK - 4H chart formed harmoic pattern called Crab
BUY 75.60 to 76.45
T1 79.35
T2 81.70
SL closing below 74.00
MRK coming back from SupportComing back from Support, daily engulfing candle, 4 hr two strong candle...
buy slowly looking at the trend, target can be $78 or higher.
MRK LongCompany Profile: Merck & Co., Inc. provides healthcare solutions worldwide. The company offers therapeutic for cardiovascular, type 2 diabetes, chronic hepatitis C virus, HIV-1 infection, intra-abdominal, fungal infection, insomnia, and inflammatory diseases; neuromuscular blocking agents; cholesterol modifying medicines; and anti-bacterial and vaginal contraceptive products. It provides products to prevent chemotherapy-induced and post-operative nausea and vomiting; treat non-small-cell lung, ovarian and breast, esophageal, thyroid, cervical, and brain cancers; and prevent diseases caused by human papillomavirus, as well as vaccines for measles, mumps, rubella, varicella, shingles, rotavirus gastroenteritis, and pneumococcal diseases
Sector(s): Healthcare
Industry: Drug Manufacturers—General
Top Institutional Holders:
Holder Shares
Vanguard Group, Inc. (The) : 209,865,924
Blackrock Inc. : 195,017,904
State Street Corporation : 117,030,114
MRK Swing Trade Triple Bottom IdeaMRK seems to be revearsing from here, RSI is oversold, Stochastic RSI is showing a Bullish crossover and a Triple Pattern seems to be forming.
Entry Price = $75, SL = $73, TP = $83
MKT ReversalThe case for a bull swing reversal (1 week):
RSI Low
Yearly support level reached
Momentum going up
Short interest to cover in 2 days
Entry
Current price: (~$74.8)
Stop
Local low (~$74.225)
Target
~MVWAP / Fib 50%
Profit
~$3 USD per share
Risk
1.2%
Risk/Reward Ratio
2.4
MRK - Tripple bottom bounce - target $82Expect to bounce off from $74.
Target 82.
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How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
MRK - Merck & Co - WEEKLY Setup - Holding the 200emaI Hate Trading Pharma But...
MRK
BUYZONE = 74 - 76
Cost Avg Down (CAD) = 72 - 70
1st Target = 79
2nd Target = 82
3rd Target = 86
HODL Target = ATH
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This content is for informational, educational and entertainment purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
MRK has a potential to fallIf MRK falls below the support level indicated by the white horizontal line I think it will continue to fall lower.
Buy $MRK - NRPicks Feb 07Merck & Co, Inc. provides healthcare solutions worldwide. The company offers treatments for cardiovascular disease, type 2 diabetes, chronic hepatitis C virus, HIV-1 infection, intra-abdominal infections, fungal infections, insomnia and inflammatory diseases; neuromuscular blocking agents; cholesterol-modifying drugs; and vaginal contraceptive and antibacterial products.
Merck is one of the companies that had been selected to develop the vaccine; however, it is still a company with a very high level team of workers and successful products. In terms of its finances, its debt is average relative to industry-competitors, plus it generates enough cash to be able to meet those obligations.
Fundamentals:
- Growth
- 6% estimated growth in net earnings for the next 3 years.
- ROE 50.5% VS 17% industry.
Technicals:
- Price level below SMA 250-200-150
- Williams R% at -78% levels
- RSI (36) Oversold
-1.5% average upside during the month
A correction of 11% was presented from JANUARY 12 to FEBRUARY 5, which stopped at $75.45 support. The correction was presented because the company abandoned the development of the vaccine against COVID, from the support the stock has shown a change of trend. Finally, the technical indicators are favorable and give us a buy signal.
MRK Technical Analysis 🧙Merck makes pharmaceutical products to treat several conditions in a number of therapeutic areas, including cardiometabolic disease, cancer, and infections. Within cancer, the firm's immuno-oncology platform is growing as a major contributor to overall sales. The company also has a substantial vaccine business, with treatments to prevent hepatitis B and pediatric diseases as well as HPV and shingles. Additionally, Merck sells animal health-related drugs. From a geographical perspective, close to 40% of the firm's sales are generated in the United States.
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$MRK bear trend will break after (at least) one more swing high.Most of the research is on the page but I'll explain it briefly.
The past two clear trends have shown four swing highs before a break (up/down is irrelevant) - the current bearish trend has only seen three swing highs so far.
The RSI of the market is low, which usually foreshadows a bullish movement, if you want to argue that the swing high at $84.70 also counts as a swing high in our current bearish trend, then we are just about due for a bullish sprint.
I personally don't think we've seen enough swing lows (see previous bear trend) for a momentum break, especially considering that the current trend has the change in CEO & financial report as a catalyst whereas the previous one simply had the financial statement creating momentum.
MERCK $ CO Accurate Analysis When the first ABC correction was over we saw the bearish move. Now a smaller ABC correction may be finished and we can expect the next move. I will keep updating this chart if necessary. Comment, like follow for more accurate ideas. Thank you
Traditional|MRK|Long and short *High riskLong and short MRK
Activation of the transaction only when the blue zone is fixed/broken.
Working out the local support and resistance levels of the triangle.
The "forecast" tool is used for more noticeable display of % (for the place of the usual % scale) of the price change, I do not put the date and time of the transaction, only %.
The breakdown of the upper blue zone - long.
Breakdown of the lower blue zone - short.
Working out the stop when the price returns to the level after activation + fixing in the red zone.
Blue zones - activation zones.
Green zone - take zone.
The red zone - the stop zone.
Orange arrows indicate the direction of the take.
Red arrows indicate the direction of the stop.
$MRK ELLIOTWAVESMy current waves on $MRK
would love some feedback, this catalyst and original chart was brought up originally by @tomikazi
It broke out of the downtrend channel and now is in wave 1.
Has a catalyst on Wednesday 1/20/21
PDUFA VII Decision for MRK's Vericiguat:
Merck Seeks Approval For Heart Failure Drug
Company: Merck & Co., Inc. (NYSE: MRK)
Type of Application: NDA
Candidate: vericiguat
Indication: heart failure
Positive ER expected :
Merck & Co., Inc.'s earnings, with the lowest EPS estimate coming in at $1.32 and the highest estimate coming in at $1.38. Merck & Co., Inc. reported
earnings of $1.16 per share during the same quarter last year, which indicates a positive year over year growth rate of 16.4%. The firm is scheduled to issue
its next quarterly earnings report before the market opens on Thursday, February 4th. -Marketbeat
Long | MRKNYSE:MRK
Possible Scenario: LONG
Evidence: Price Action
This is my idea and could be wrong 100%.
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.
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