Merck & Co may fall to 110.80 - 113.40

Our pivot point is at 134.5.

Our preference

Under pressure below 134.5.

Alternative scenario

Above 134.5, look for 139.1 and 141.8.

Comment

The RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 129.6285 and 129.1944). Finally, Merck & Co is trading below its lower daily Bollinger band (standing at 125.1).

Supports and resistances

141.8 **

139.1 *

134.5 **

132.8

123.8 (USD-last)

115.8

113.4 **

110.8 *

108.3 **

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