Merck & Co may rise to 136.70 - 138.80

Our pivot point is at 124.1.

Our preference

As long as 124.1 is support look for 136.7.

Alternative scenario

Below 124.1, expect 120.7 and 118.6.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is above its 20 and 50 day moving average (respectively at 128.9525 and 128.6652).

Supports and resistances

140.9 **

138.8 *

136.7 **

134.6

129.67 (USD-last)

125.4

124.1 **

120.7 *

118.6 **

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