MRK: ⬆️ Buy
– MRK reversed from the support zone
– Likely to rise to resistance level 85.00
MRK recently reversed up from the support zone surrounding the long-term support level 73.45 (which has been reversing the price from the start of 2020, as can be seen from the weekly MRK chart below).
The upward reversal from the support level 73.45 started the active long-term impulse wave III.
MRK can be expected to rise to the next resistance level 85.00 (former top of wave (4) from May) – from where the price is likely to correct down.
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