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).

Trading setups. The analysis posted here will provide trading scenarios based on different technical tools.

Romanian Market. This is a section dedicated to Romanian stocks and indices.

Search This Blog

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 ( ).

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.

No comments:

Post a Comment