TheTradingNinja
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MRK 4HR Chart: Gap up set up huge News!

NYSE:MRK   MERCK & COMPANY INC (NEW)
34 0 4
Was very excited to chart this one as I trade strictly via mobile with TOS Mobile Trader.

What you notice in each outline rectangle is one of my fav setups in which is labeled "CANDLE COMBO"

Definition: Candle Combo-
Basic bullish candle formation that signals more upside. In which the stock usually continues from closing price or initially gaps up. These combos usually occur right below or at middle kelt or upper kelt

MRK             still has one more gap to fill thats labeled 65.50. If the stock does gap we should retest 65.25 then 65.29 followed by the fill at 65.50.

With this fda fast track news which is HUGE we just might fill the gap.

-TheTradingNinja
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