Dec. 25 at 1:22 PM
Actionable Trade Alert for
$MRK:
Market Context:
$MRK closed at
$106.45, near its 60D high of
$106.95, indicating strong bullish momentum. The RSI at 65.78 suggests the stock is approaching overbought territory but still has room for upward movement. The MA30 at
$99.47 and MA50 at
$94.15 confirm a bullish trend, supporting a positive directional bias.
Trade Plan: Enter long at
$106.50. Set a stop loss at
$104.00 to limit risk.
Take Profit Targets:
1. Target 1:
$108.00 (1.4% gain)
2. Target 2:
$110.00 (3.5% gain)
3. Target 3:
$124.00 (16.5% gain)
Target 3 offers a potential ROI of over 17%, capitalizing on the upward momentum while maintaining a solid risk-reward ratio. Monitor the stock closely as it approaches key resistance levels.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
