Merck & Co may fall to 102.50 - 104.30

Our pivot point stands at 114.5.

Our preference

The downside prevails as long as 114.5 is resistance.

Alternative scenario

The upside breakout of 114.5 would call for 117.7 and 119.6.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 115.3175 and 115.8256). Finally, Merck & Co is trading below its lower daily Bollinger band (standing at 110.98).

Supports and resistances

119.6 **

117.7 *

114.5 **

113.3

110.18 (USD-last)

106.1

104.3 **

102.5 *

100.6 **

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