MRK trade ideas
$MRK Merck & CO Inc. still in 19 year recovery cycleOn the daily chart of NYSE:MRK it seems that a nice breakout rally is setting up, with $84 as a good point to evaluate your position. The chart accompanying this post is merely a look at the nature of declines that a stock can suffer, to get back to the 2000 price level may take a possible 21 years, that is a long to hold and pray. It teaches us the lesson that stocks can keep going down, so accept you lose quickly and don't wait 20 years for it to claw its way back. Every company that we invest in is just one mistake or headline away from the fate of falling like a stone and the only ones left holding on are those who just couldn't accept the loss in the hope it will be different next week.
"even the mighty can fall"
AVERAGE ANALYSTS PRICE TARGET $88
AVERAGE ANALYSTS RECOMMENDATION BUY
P/E RATIO 26
COMPANY PROFILE
Merck & Co., Inc. engages in the provision of health solutions through its prescription medicines, vaccines, biologic therapies, animal health, and consumer care products. It operates through the following segments: Pharmaceutical, Animal Health, Healthcare Services, and Alliances. The Pharmaceutical segment includes human health pharmaceutical and vaccine products. The Animal Health segment discovers, develops, manufactures, and markets animal health products, such as pharmaceutical and vaccine products, for the prevention, treatment and control of disease in livestock and companion animal species, which it sells to veterinarians, distributors, and animal producers. The Healthcare Services segment offers services and solutions that focus on engagement, health analytics, and clinical services to improve the value of care delivered to patients. The Alliances segment includes results from the Company's relationship with AstraZeneca LP related to sales of Nexium and Prilosec. The company was founded in 1891 and is headquartered in Kenilworth, NJ.
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.
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MERK LONG UNTIL THE 200 DAILY SMA SUPPORT THE PRICESRSI in ipersell and prices stopped by 200 daily SMA. From this level is higly possible a reaction. Stop loss on the minimum of the last candle.
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
Merck & Co # MRKthree months long bias.
expecting bigger retracement to the origin of the move.
waiting for new areas of demand on the weekly to be created or long at the fresh area of demand around 60 dollar a share
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.
Merck & Co. ... & Health & MedsThe stock appears to have formed a double wedge. It has gone up through 2018 and showed great resistance to market volatility. It has a great chance of breaking upper wedge and reach up the 52-week high.
Remember that earnings date is coming and this may be the good catalyst for confirmation of the breakout which will probably happen before earnings.
MRK in a bullish flag patternI think MRK will continue to go up to $79 -$80 from its current price as it is currently in a consolidation status.
MRK Approaching Support, Potential Bounce! MRK is approaching our first support at 66.70 (horizontal overlap support, 100% fibonacci extension, 50% fiboancci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 74.94 (50% fibonacci retracment, 61.8% fiboancci extension).
Stochastic (21,5,3) is also approaching support where we might see a corresponding bounce in price.
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)
MRK - SHORTHead and shoulder pattern, right shoulder looking like it is currently in formation. Currenly prices are right at previous resistance and support. If 76.38 is bounced from, short target is at the next level of support at 72.78
RSI and Stoch indicate market is strongly over bought, which further point toward a short play being the case over the next few days.
MRK ShortShort based of channels and fibs
My Entry: 75.07 (any entry under 75.00 is okay)
Stop Loss: 78.00
PT: 61.00 area
Risk/Reward: ~1:7
This trade has a low probability of working, but it does fit my system, and if it moves in my direction the reward is very high. This trade will most likely take 6 months to a year.
