14.10.2014 - Merck & Company accelerated the fall

The price of Merck & Company falls sharply after it has broken the lower boundary of the local downward channel. At the moment quotes has broken through the slanted line of support and approached the important level of 55.80. At the moment there is no reason for changing the negative trend. Growth is possible only within the correction to levels 57.50 and 58.50. Taking into account the strong downward momentum, we recommend to open short positions with a stop above 58.50 and objectives of 53.65 and 50.00.

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