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MERCK – TECHNICAL CHART STUDY

MERCK_1

buy MERCK above 616 sl 590 target 645-675

technical chart study

stock has made “RISING WEDGE” on chart now,

price made new recent high, but rsi still down, some sign of “BULLISH NEGATIVE DIVERGENCE” on chart.

so if price able to cross 616 and able to sustain above 616 for 15-30 min. then only one can enter inot buying side with mention support and targets.

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