MRKD trade ideas
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.
.....::::: If you like this chart, please click on the THUMBS UP ! :::::.....
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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.
Merck - interesting to long after earnings (28 July)Something to pay attention to. $MRK might be building a mode here. The daily downtrend stopped at the arrow. I'm interested to see if it can find support at last KEL and move up from there. Perhaps after earnings we will know more. It's on my watch list.
Big Pharma MERCK & CO in SERIOUS TROUBLE !FUNDAMENTALS:
Merck & Co seem to be in serious trouble after a 'Big Pharma Bombshell' where Federal Judge Beth Labson Freeman of San Jose finds Merck lied in patent trial to both a business partner (Gilead Sciences Inc) and lied to the court itself, overturns $200 Million verdict ! (Re: hepatitis C Drug).
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 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 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 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.
----------------------------------------------------------------------------------------------------------------------------------------------------------
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.
.....::::: If you like this chart, please click on the THUMBS UP ! :::::.....
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MRK: Low risk long opportunityI think $MRK offers a terrific low risk long here, a great biotech company to own in this particular juncture.
$IBB is acting very strong, there is a monthly uptrend active currently in the sector, so, finding the strongest contenders will yield great returns going forward.
Best of luck,
Ivan Labrie.
$MRK Cupping nicely.. Key break level 65.25/.29 should easily test $66
- Long here holding 65
- anticipating +1-2 move
$MRK working towards gapLots of strength this morning. I noticed on the 10min chart the second candle had volume almost exactly equivalent to closing volume yesterday. This tells me we will be filling the gap very soon if not today.
Long $65C with 65.29 break followed by 65.50 to close the gap. Followed long term 66.80
-TheTradingNinja
MRK 4HR Chart: Gap up set up huge News!Was very excited to chart this one as I trade strictly via mobile with TOS Mobile Trader.
What you notice in each outline rectangle is one of my fav setups in which is labeled "CANDLE COMBO"
Definition: Candle Combo-
Basic bullish candle formation that signals more upside. In which the stock usually continues from closing price or initially gaps up. These combos usually occur right below or at middle kelt or upper kelt
MRK still has one more gap to fill thats labeled 65.50. If the stock does gap we should retest 65.25 then 65.29 followed by the fill at 65.50.
With this fda fast track news which is HUGE we just might fill the gap.
-TheTradingNinja
MRK Long $65.5 BreakWent long $65C before the test and break of $64.50 which broke on strong volume with a push to 64.59HOD.
Also there was huge call sweep in June 55 and 56Calls
Usually means News, Upgrades etc on the bullish upside!
-TheTradingNinja
$MRK bullish after Earning Report, today close 63.63 stop 61.5MERK Bullish after Earning Report, today close 63.63 stop 61.5
Strangle on MRK for a neutral tradeAfter earnings, Implied volatility rank is still at 50 so looking to add premium to my portfolio theta I Sold the 65/62.5 Strangle on MRK.
Trade:
Short 65 Call
Short 62.5 Put
Collected $1.85
54% probability of profit
Will look to close at 50% of credit received.
Bullish Moving Average Cross For MerckOn April 19, 2017, Merck & Co ( NYSE:MRK ) crossed above its 150 daily moving average (DMA). Historically this has occurred 227 times and the stock does not always move up. It has a median gain of 4.139% and maximum gain of 18.194% over the next 16 trading days.
When we take a look at other technical indicators, the relative strength index (RSI) is at 40.4843. RSI tends to determine trends, overbought and oversold levels as well as likelihood of price swings. I personally use anything above 75 as overbought and anything under 25 as oversold. The current reading declares the stock is relatively neutral.
The true strength index (TSI) is currently -18.4921. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The current reading declares the stock is moving down, but the decline is slowing making a potential reversal to the upside possible.
The positive vortex indicator (VI) is at 0.7725 while the negative is at 1.1322. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The current reading declares the stock is moving down.
The stochastic oscillator K value is 24.0888 and D value is 25.7547. This is a cyclical oscillator that is highly accurate and can be used to identify overbought/oversold levels as well as pending reversals and short-term activity. I personally use anything above 80 as overbought and below 20 as oversold. When the K value is higher than the D value, the price action is trending up. When the D value is higher that the K value, price action is trending down. The current reading declares the stock is on the verge is moving up and away from oversold territory.
Considering the moving average crossover, RSI, TSI, VI and stochastic levels, the overall direction appears to continue heading up. Based on historical movement compared to current levels and the current position in its macro trend channel, the stock could gain at least 2.12% over the next 16 trading days.
On April 18, the stock crossed below the 150 DMA. In the last 10 years when the stock is above the 150 DMA, crosses under for one day before re-crossing above, the stock has always gone up over the next 16 trading days. These occurrences were in July 2009, April 2010, November 2011 (3 times), June 2012, March 2013, February 2015, and January 2017. The stock gained 15.911%, 0.971%, 5.072%, 5.531%, 2.517%, 9.091%, 7.659%, 1.134%, and 5.080% respectively. The median gain was 5.080% during this period.
Merck & Co Inc on Possible Wave Y Completion?It seems that we may have a possible Wave Y completion on the Intermediate Period, with a wave 5 on the Minor Period confirming it. On structure breakout, it is possible that we may see the start of a SHORT on a wave 1 minor of a wave 1 Intermediate. MACD suggests slight upwards movement before a bearish move at the breakout of structure. Stochastic already displays overbought position and likely move downwards as well as RSI suggests overbought position already completed and bearish movement possibly imminent on breakout of structure. Additionally, my guess is that due to looming lawsuits regarding Vaccine safety as well as gender bias lawsuits, has ultimately influenced investor confidence and is now starting to net the results of this.
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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.
.....::::: If you like this chart, please click on the THUMBS UP ! :::::.....
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MRK - strong return to previous rangeHey guys, nice opportunity for swing trade!
More info in the screen.
MRK ...WEEKLY REVIEW it was my suggestion 6 days ago and i am emphasis on it ...
in my idea it has no strong resistance to receiving to TP ...
im in and if you are not think to entry
