/biz/ - Business & Finance

Anonymous Mon Jun 27 18:05:07 2022 No.50004879 [View]
File: 108 KB, 1282x607, MRK.png [View same] [iqdb] [saucenao] [google]

So I saw MRK trending in option flow today. Looks like someone just sold $500k worth of calls at $96 and $97 for this Friday. Looking at technicals it seems that might be a price ceiling.
>RSI is embedded, but on the back of news
>bband breakout, price popped up past 2 SD's
>9MA about to cross 50MA
>MACD and STC both confirm an upward trend, but this might lose momentum at some point

I don't know that it will go up or down - only that it will not breach those prices.
Fib retracement levels seem to be around 88.25 to 89.67. Seems like a fairly safe short for a day or two.

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