For Seventrader man assessment of Merck from a traders perspective

$MRK (+0,75 %)
@7Trader My assessment for Sunday 😉

As a trader, there is currently no clear trend for me, so I would not consider Merck for a trade at the moment.

Why "in a nutshell"?

The current price is in a "low volume zone" (white arrow on the left), i.e. even a small volume can have a strong influence on the price - both negative and positive.

The price is approximately in the middle of standard deviation 1 and 2 of the VWAP

The next zone with high "volume on price" is significantly lower - up to the volume peak -11%.5 (white parallel channel)

The current trend after SMA is negative

Taking all these points into account, I currently see more risk of prices falling further than opportunities for prices to rise.

As I said, chart analysis does not provide 100% certainty, it is more about recognizing the opportunities and risks and then entering a trade or not depending on the risk appetite 🤷‍♂️

PS: I have not looked at the fundamental figures at all, this is a purely technical chart analysis.

Puki@Puki

I now hold 100 shares, but if they fall another 11%, that would be such a juicy dividend for such a pharma giant that I would double my position.

•

TomTurboInvest@TomTurboInvest

@Puki The post reflects my short-term view as a trader on the current price and possible entry.

@TomTurboInvest That's right, the stock is not suitable for trading (in the short term) 👍🏻

Seventrader@7Trader

Hi Tom, thanks for your answer and presentation. Merck & Co remains high on my watch list, but waiting a little won't be a mistake.

🤩🤞🏼
I didn't have any more coins 😅

For Seventrader (m)an assessment of Merck from a trader's perspective