Merck & Co may rise to 137.10 - 139.10

Our pivot point stands at 127.3.

Our preference

The upside prevails as long as 127.3 is support.

Alternative scenario

The downside breakout of 127.3 would call for 124.1 and 122.2.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 129.3095 and 127.1046).

Supports and resistances

140.9 **

139.1 *

137.1 **

135.1

131.19 (USD-last)

128.5

127.3 **

124.1 *

122.2 **

Number of asterisks represents the strength of support and resistance levels.