MRK has been in a range since end of Dec'18 until now. Last week's bar was a doji at the bottom of the range. The Daily chart is showing me an inverted H&S with a potentially weak right shoulder i.e. buying pressure is strong!
Target profit 1 is a near resistance as well as 50MA i.e. $77 area.
Target profit 2 is the top of the range at $85 area. A little ambitious and loner term though.
Disclaimer: I'm not giving trading and investing advice. Just sharing my chart observations.
If you have any symbol that you'd like me to analyze, feel free to drop me a comment.
Thanks!
Target profit 1 is a near resistance as well as 50MA i.e. $77 area.
Target profit 2 is the top of the range at $85 area. A little ambitious and loner term though.
Disclaimer: I'm not giving trading and investing advice. Just sharing my chart observations.
If you have any symbol that you'd like me to analyze, feel free to drop me a comment.
Thanks!
Nota
Gapped down at the open, but it is back up now.Setup still intact
Nota
Gap up! Would like to start seeing buying pressure coming in moving forward.Nota
Target profit 1 hit!Dagangan ditutup: sasaran tercapai
Not aiming for target profit 2.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.