Merck and Company slowing down? Merck and Company
Short Term
We look to Sell at 93.34 (stop at 96.33)
We look to sell rallies. Price action looks to be forming a top. Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. There is scope for mild buying at the open but gains should be limited.
Our profit targets will be 86.55 and 83.96
Resistance: 92.00 / 95.00 / 100.00
Support: 86.50 / 83.50 / 80.00
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