MRK: Low risk long opportunity

I think $MRK offers a terrific low risk long here, a great biotech company to own in this particular juncture.
$IBB is acting very strong, there is a monthly uptrend active currently in the sector, so, finding the strongest contenders will yield great returns going forward.

Best of luck,

Ivan Labrie.

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I had bought last Friday, again. I was long and banked profits before the recent correction.

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Good to buy back soon -or add-

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I'm closing $MRK here, the FDA news really killed it's move.
s3.amazonaws.com/tra...shots/p/Pr8Wmc4Y.png
Technically we would need to wait a bit longer but there is no need to expose ourselves to extra risk in the sector. We can buy back when the chart and news give us a good reason to.

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I reentered on close yesterday.

Still good to jump in now.

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