do you think $MRK is a nice entry buy now?
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2Mes
@Memo0606 graphic wise yes around current value might not be a bad entry, would try for 113usd though. If market is to globaly go down, it can fall to 104 easy (support, but it can go lower). It all depends on your expectations on where the market is going. This is graphic wise, you should also consider valuation models to check for fair value (simply wall st for example computes it at undervalued atm). Not financial advice.
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@ElShib thank you
fundamentally it is not expensive in my opinion
but like you say i dont know if it falls because of general world market
what do you think?
fundamentally it is not expensive in my opinion
but like you say i dont know if it falls because of general world market
what do you think?
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2Mes
@Memo0606 hard to say, i can share my expectation but should not be taken as advice or granted. Personally for long term positions I'm mostly waiting, I think a general market drop is bound to happen sooner or later, given the macro and geopolitical developments I'm expecting a big drop, it could come next week if interest rate cut is more agressive (panic as economy would probably be worse then expected), it could come in october/november due to political or economic reasons or it can come only next year up to april. Or geopolitical conflits can even bring it earlier. Or I might just be wrong to wait and nothing will happen and I'll have to enter later on at a more expensive price. That being said, for long term I'm risking waiting as I expect a drop and the worst case scenario I'll miss current "discount" prices if it doesnt fall at all, short term trading I'm taking some swing trades or day trades but being a bit more picky and doing less trades due to the risk of market falling.
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2Mes
@Memo0606 with that said, it is not expensive at all if you dont expect the markets to fall and would probably be a good buy right now (not financial advice)
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@ElShib i think there will come a drop
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2Mes
@Memo0606 Personally I'm saving for a global drop
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