Merck & Co may fall to 113.90 - 116.70

Our pivot point stands at 130.8.

Our preference

The downside prevails as long as 130.8 is resistance.

Alternative scenario

The upside breakout of 130.8 would call for 135.6 and 138.4.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 127.748 and 128.747).

Supports and resistances

138.4 **

135.6 *

130.8 **

128.9

125.77 (USD-last)

119.5

116.7 **

113.9 *

111 **

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