The investment idea of ​​March remains near meaningful support!

Merck & Company Inc. shares (MRK) for a month are traded near significant support levels, above the key support of 53.30-50, thereby pointing to the formation of the bottom, from which it is worth waiting the repulsion. This statement confirms the formation of the figure “double bottom” and the bullish divergence on the weekly timeframe.

As a result, the investment idea of ​​March “Tablet for Wealth from company Merck & Co.” remains in force! But at the same time due to the formation of prolonged flat, the idea is valid until the 20th of April. At this situation, it is worthwhile to minimize possible losses, in spite of possibility of development of the figure.

Graph of Merck & Company Inc shares (MRK). Current price before the opening of trading – 54.50.