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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.


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