Market Technical View is a blog that mostly concerns the technical analysis of different financial instruments like indices, commodities, stocks, ETFs and currencies.

All the posts are structured in 3 main chapters that can be found in Content, in the upper right-hand corner of the blog.

Market perspective. The technical approach consists of chart patterns and important support/resistance zones. The purpose of this section is to give directions of the price on short and medium term (a few days up to a few months).

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Wednesday, May 2, 2012

Merck&Co (MRK) - reached the fisrt resistance. 2012.05.02


Merck&Co shares price reached the first target at $39.50 set a month ago (http://en.goldring.ro/analysis_details.php?analyse_id=2377 ).

The main target still stands in the $41.17-$41.50 area and the first support is at $38.93. The mid-term perspective shows a break and retest of the bearish channel bordered by the T1 and T2 lines. This scenario confirms the high probability of a rising trend in the next weeks.


Posted by Adrian Filip at 4:42 PM
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