MRK had a strong open but made a double top at 85 and couldn’t trade above that level. I tried to long it after the first pullback near the 84.3 technical level (followed my plan): I got in with 10 shares (only 10 because I wanted to preserve capital for others ideas that were setting up like INTC) at 84.3 but got stopped out at 84.13. MRK has been trending down all morning since the double top at 85. Keep an eye on it in case buyers decide to step in. MRK ranged between 83 and 83.5 all afternoon.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-07-30 09:43:46 | MRK | buy | $84.300 | long |
2019-07-30 09:44:36 | MRK | sell | $84.133 | 0 |
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