Merck & Co may fall to 114.30 - 117.20

Our pivot point stands at 131.7.

Our preference

The downside prevails as long as 131.7 is resistance.

Alternative scenario

The upside breakout of 131.7 would call for 136.5 and 139.5.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 126.435 and 128.4012).

Supports and resistances

139.5 **

136.5 *

131.7 **

129.8

125.85 (USD-last)

120.1

117.2 **

114.3 *

111.4 **

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