Merck & Co is neutral

125 is our pivot point.

Our preference

Look for a drop towards 125 before a bounce.

Alternative scenario

Below 125, expect 121.2 and 118.8.

Comment

The RSI is above its neutrality area at 50. The MACD is negative and below its signal line. The penetration of 50 on the RSI should trigger further losses. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 129.183 and 128.4782).

Supports and resistances

141.5 **

139.3 *

137 **

134.6

129.45 (USD-last)

126.5

125 **

121.2 *

118.8 **

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