Merck & Co may rise to 127.20 - 131.10

109.4 is our pivot point.

Our preference

Short term rebound towards 127.2.

Alternative scenario

The downside breakout of 109.4 would call for 102.8 and 98.9.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the share stands below its 20 and 50 day moving average (respectively at 116.231 and 123.3438).

Supports and resistances

135.1 **

131.1 *

127.2 **

123.3

115.14 (USD-last)

111.9

109.4 **

102.8 *

98.9 **

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