Merck & Co may fall to 117.40 - 119.50

131.9 is our pivot point.

Our preference

Under pressure below 131.9.

Alternative scenario

The upside breakout of 131.9 would call for 135.5 and 137.6.

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 share stands below its 20 and 50 day moving average (respectively at 129.6425 and 128.0326). Finally, Merck & Co is trading below its lower daily Bollinger band (standing at 126.67).

Supports and resistances

137.6 **

135.5 *

131.9 **

130.5

126.09 (USD-last)

121.6

119.5 **

117.4 *

115.3 **

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