Hubert Senters here.
We’re looking at Merck And Company. Stock symbol is MRK. It’s a little gappy. As you can see there’s a gap down. A gap down sideways consolidation. It went through the cloud on the daily gapped up today and it is trading at its lower 1/3 to 25% on the candle here.
It’s not a trade that I would particularly trade myself but I want to put up. I’m pointing that out because it’s a weird looking chart. So it could go either way which is just pretty much anything in marker but add this to your watch list.
Let’s watch it and chart it for the next few days to see if it’s going to break through $64 or go back down below the cloud. It acts like it want to break through $64 and go to $70.
So take a look at MRK. Add it to your watch list but don’t trade it. It acts a little sketchy but let’s pay attention to it.
Good luck. Hope it helps.
See you on the next video.
Hubert.
