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Merck & Company, Inc.
Long
Updated

MRK: Low risk long opportunity

809
I think MRK offers a terrific low risk long here, a great biotech company to own in this particular juncture.
IBB is acting very strong, there is a monthly uptrend active currently in the sector, so, finding the strongest contenders will yield great returns going forward.

Best of luck,

Ivan Labrie.
Trade active
snapshot

I had bought last Friday, again. I was long and banked profits before the recent correction.
Note
Good to buy back soon -or add-
Trade closed manually
I'm closing MRK here, the FDA news really killed it's move.
s3.amazonaws.com/tradingview/snapshots/p/Pr8Wmc4Y.png
Technically we would need to wait a bit longer but there is no need to expose ourselves to extra risk in the sector. We can buy back when the chart and news give us a good reason to.
Note
I reentered on close yesterday.

snapshot

Still good to jump in now.
Trade active
IvanLabrie
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Also on:
biotechIBBkeyhiddenlevelsMRKrgmovtimeatmode

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biotechIBBkeyhiddenlevelsMRKrgmovtimeatmode
IvanLabrie
🔒Want to dive deeper? Check out my paid services below🔒

linktr.ee/ivanlabrie
Also on:

Related publications

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.