Hubert Senters here.
Let’s take a look at Merck Pharmaceuticals, Merck and Company, MRK. Now, on this one it looks a little stronger than yesterday’s video. And yesterday’s video, we were talking about Visa and Visa came down here trade a little bit and then I was heading back up here this one on the other hand has traded below the cloud a little bit.
As you can see there’s a couple tests here and that one, this one and then this one. But notice that on all three of those tests this white line called the lagging line did not drop below the cloud. That’s extra good strong signal. Now, we’re back above the cloud.
And the lagging line is pushing higher. We do have overhead resistance here at about 80 bucks so it would be a long with a stop of $74.77 the long would be $76.43. The stop would be $74.77. And the first target would be 80 bucks and then after that you’d be trying to go for $90.
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Good luck. Hope it helps. And I’ll see you on the next video.