BeFinanceMate
Long

Merck KGaA

CHXEUR:MRKD   MERCK KGAA
25 0 0
Another buy opportunity is appeared. Now price is on weekly trendline that is good point to go long. As you can see Lower lows turning to Higher lows. We can add position now and hold it for long time. Divergence on stochastic gives confirmation to buy. Entry point would be now at 89.00 or after breakout of trendline and previous high with target zones 100.00 and 104.10 with stop loss order at 87.00


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