Merck shows the signs of reversal

05 april 2022 100
Volkov_Anton
Volkov_Anton

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Since the end of February, the stocks of Merck continue to confirm the strong increasing trend. After the 15% growth without significant rollbacks, the correcting decrease seems quite real.


The "hanging man" on the chart together with overbought according to RSI supposes Merck’s rollback at least to the line of a rising trend which currently is near the level of 82,4.

Volkov_Anton
Volkov_Anton

Listed among the best MarketCheese authors
1st in the segment "Currencies"
2nd in the segments "Indices" and "Metals"
3rd in the segment "US stocks"
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