Merck & Co may fall to 113.30 - 116.20

130.5 is our pivot point.

Our preference

The downside prevails as long as 130.5 is resistance.

Alternative scenario

The upside breakout of 130.5 would call for 135.5 and 138.4.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 129.4185 and 129.2562).

Supports and resistances

138.4 **

135.5 *

130.5 **

128.5

126.45 (USD-last)

119

116.2 **

113.3 *

110.4 **

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