Trading Idea for Merck & Co. (NYSE)

#MRK

The overall trend is upward. The downward movement tested the trend line on the weekly timeframe. Bears are approaching the support level of 72.06. Stochastic Oscillator signal oversold conditions.

Trading idea:

Buy from the support level of 72.06.

Stop Loss: 70.00.

Target levels: 79.42; 83.82; 87.08.