Bearish Butterfly & Bearish SharkBearish butterfly (with bearish divergence) has completed and price transitioned into a small bearish shark. The bearish Shark is completing at a significant resistance level and showing reverse bearish divergence.
MRKD trade ideas
MRK - Too Good To Be True?The price here has focused into the obvious descending triangle for almost about a year now!
It is not obvious if it will hold or not, but the current company health especially regarding profitability along with price action point towards a downward move, especially after the bullish momentum over the last couple of days.
This play is being taken to play on the chance that the stock continues to retrace some of its gains from the past week, ideally before the next earnings report.
Let's see how it goes down; it should be a very short-term trade.
Stop @ 60.13
Target @ 57.09
Merck Inc Shares (MRK) LongThis instrument is technically ripe and poised for a bull run, watch the play over the coming days... a fantastic bull ride will start on Monday open
MERCK shares Buy IdeaMERCK shares Buy Idea @Monthly Demand Zone (49.21 - 44.065)
Buy Limit: 49.25
Stop Loss: 43.90
Take Profit: 56.37
Are the bulls coming?Prìce is testing this old support zone and leave one strong bullish candle today. Some bull power can be expected for next days.
Dow drops once again #31 (MRK)Technical Concept: Support broken becomes Resistance (Red Arrows= Resistance) (Blue Arrows= Support)
I not use sophisticated Technical jargon in an attempt to "Persuade" and "Impress" the reader because I not a Charlatan
I do not use fancy Charts plenty of Indicators, Oscillators, and other stuff, all in a stock chart in an attempt to "Impress"
the reader with my knowledge because I not a Tutor or Mentor.
I am not either a Business man, Engineer, Doctor, Inventor or Innovator; this requires different skills and personalities
Who I am?
I am End of Day Analyst and Stock Picker, I support myself in Charts, but I not self-proclaimed Technical Analyst Expert
I do not fall into the mistake of comparing and affirm that Technical Analysis is better than Fundamental Analysis .
I am a person without Higher Education, and not have Math Skills.
I am a right brain oriented person and I focus in my strengths, for this reason I use Charts and
I no try to become a Quantitative Trader, since it is a lost cause, in my case.
I dedicated 10 lonely years of deliberate practice and in this process, I eliminated all kind of thoughts.
I open and reset a lot of Demo Accounts for this purpose
I tried and practice with different Markets (Forex, Options and Stocks) with different Time Frames (Intraday, Scalping, Swing/Position).
I tried Mechanical Trading too, But definitely I am Discretionary Analyst or Qualitative, It took me years to know it, and a lot of books.
I've learned by myself, but I do not think I'm smarter than others, “Ego is a sin”
What I do?
I pick Stocks manually I watch one by one without the use of a Stock Screener
I follow approximately 1300 to 1400 Stocks , with different market cap
I have no preference for a particular industry I follow 10 Industries even Public Utilities
I do not follow Penny Stocks and Over-The-Counter stocks
I not follow Stocks with an Avg_Volume bellow 100,000 with (Low Liquidity)
I use a simple method based in Support and Resistance , accompanied with moving averages, and I do a Top down Analysis with multiple time frames
My first view of a Stock is a 10 year Weekly Chart, Then I do a zoom in and I focus in the action of the last 2 or 4 Years, I look my Daily Chart and 4-Hrs Chart too
I understand the concept of Short Selling and spend hours searching this kind of patterns including the weekends.
What I can do for you?
I can put ideas in the desk of Professional Traders, the ideas are based in Price Patterns + Price Action,
and they can trade with your own system or set up
My ideas are not influenced by the media or my neighbors,
This was my Resume and Cover letter
Sincerely
Alex_Quiroga
MRK weekly 0.618 retracement and demand zone combinationMRK was one of my favorite companies to trade back to the days I worked for the bank.
It suffered almost 20% pulled-back from its peak, and it might be time to look for mid-term positions!
I would like to wait for daily reversal sign near 53-54 to long, with stop loss below 50.00
Let's see how it goes!
Big Pharma MERCK & CO in STILL in serious trouble, its happeningAs per my previous analysis:
FUNDAMENTALS:
Merck -1.91% & Co seem to be in serious trouble after a 'Big Pharma -2.86% Bombshell' where Federal Judge Beth Labson Freeman of San -0.77% Jose finds Merck -1.91% lied in patent trial to both a business partner ( Gilead Sciences Inc -0.41% ) and lied to the court itself, overturns $200 Million verdict ! (Re: hepatitis C Drug). This seems to be now having a negative effect on this stock, as per analysis back on July 16th 2017 and I am expecting this to continue bearish.
Source:
LA Times Article here:
www.latimes.com
Court Document here:
assets.documentcloud.org
Judge Stated "Merck's misconduct includes... misusing Pharmasset's confidential information..., and lying under oath at deposition and trial" - Federal Judge Beth Labson Freeman.
One example of this was "The edvidence examined by Freeman strongly suggests that Merck -1.91% flagrantly manipulated the patent process to gain unfair advantage." - Michael Hiltzik, LA Times.
AND
"Adding to the temerity of the big drugmaker, it originally sued Gilead for $2 billion before having to settle for $200 million. Now, pending appeal, it won’t get even that much for its patent claims, and its reputation for integrity will carry a value of less than zero." - Michael Hiltzik, LA Times.
TECHNICALS: (Daily and Weekly Charts)
A Gartley pattern has been confirmed and completed as well as breakout from major structure, providing the start of what seems to be an Elliott wave 2 structure in it's infant stages, after completion of a correction and a failed Wave 5 at the top of the chart, where major resistance is located. This initiated Elliott wave count suggests a long-term bearish trend for the pharma -2.86% company down to significantly low price that would normally be expected.
Ketchup, Mustard, Water and Mayo EMAs have all been breached by the price action as well as TDI -0.08% showing hints of continued downward movement.
Monthly chart also suggests we are at the start of a Bearish Intermediate Wave 1 which does not look good for the pharmaceutical company.
However, that being said, this is a FANTASTIC opportunity to SHORT the absolute crap out of this stock, in my opinion I see quite significant Profit from Shorting this stock on a 3 ~ 6 month term, possibly even longer if the wave count is confirmed as described on my chart. I'm shorting this stock on the breakout of structure, where most likely this will occur on market open with a GAP. In my opinion this will be a huge profit maker as I'm expecting this bearish price action to continue for significantly long period of time.
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DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk. Plan your trade and trade your plan... and IF in doubt, stay out.
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MRK Coiled StochasticMRK has a coiled stochastic and has divergence on the hourly time frame.
Buy: 54.92
Target: 56.20 - 57.79 (2.33% - 5.23%)
jbzstocks.com
@jbzstocks
Merck - ShortA number of factors shown on the chart suggest that this US stock may be in for some sustained downside.
