MRK bounce up from bottom of range

11 мар. 2021 г.

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!

12 мар. 2021 г.

Заметка

Gapped down at the open, but it is back up now.

Setup still intact

15 мар. 2021 г.

Заметка

Gap up! Would like to start seeing buying pressure coming in moving forward.

16 мар. 2021 г.

Заметка

Target profit 1 hit!

19 мар. 2021 г.

Сделка закрыта: достигнута тейк-профит цена

Not aiming for target profit 2.