MRK: Low risk long opportunity

I think $MRK offers a terrific low risk long here, a great biotech company to own in this particular juncture.
$IBB is acting very strong, there is a monthly uptrend active currently in the sector, so, finding the strongest contenders will yield great returns going forward.

Best of luck,

Ivan Labrie.

Trade attivo:

I had bought last Friday, again. I was long and banked profits before the recent correction.

Commento:

Good to buy back soon -or add-

Trade chiuso manualmente:

I'm closing $MRK here, the FDA news really killed it's move.
s3.amazonaws.com/tra...shots/p/Pr8Wmc4Y.png
Technically we would need to wait a bit longer but there is no need to expose ourselves to extra risk in the sector. We can buy back when the chart and news give us a good reason to.

Commento:

I reentered on close yesterday.

Still good to jump in now.

Trade attivo