MRK - SHORT
Head and shoulder pattern, right shoulder looking like it is currently in formation. Currenly prices are right at previous resistance and support. If 76.38 is bounced from, short target is at the next level of support at 72.78
RSI and Stoch indicate market is strongly over bought, which further point toward a short play being the case over the next few days.
RSI and Stoch indicate market is strongly over bought, which further point toward a short play being the case over the next few days.
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