Merck & Co may rise to 117.10 - 119.10

Our pivot point is at 106.5.

Our preference

Short term rebound towards 117.1.

Alternative scenario

Below 106.5, expect 103.2 and 101.3.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 112.249 and 114.389).

Supports and resistances

121.1 **

119.1 *

117.1 **

115.1

110.42 (USD-last)

107.7

106.5 **

103.2 *

101.3 **

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