MRK weekly 0.618 retracement and demand zone combination
MRK was one of my favorite companies to trade back to the days I worked for the bank.
It suffered almost 20% pulled-back from its peak, and it might be time to look for mid-term positions!
I would like to wait for daily reversal sign near 53-54 to long, with stop loss below 50.00
Let's see how it goes!
It suffered almost 20% pulled-back from its peak, and it might be time to look for mid-term positions!
I would like to wait for daily reversal sign near 53-54 to long, with stop loss below 50.00
Let's see how it goes!
Yorum:
HUGE Demand ZONE!!!!!!!