Merck & Co may fall to 96.90 - 101.00

120.1 is our pivot point.

Our preference

The downside prevails as long as 120.1 is resistance.

Alternative scenario

Above 120.1, look for 127 and 131.1.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 119.5765 and 125.1198).

Supports and resistances

131.1 **

127 *

120.1 **

117.5

113.48 (USD-last)

105.1

101 **

96.9 *

92.9 **

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