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For Traders from Club iNSIDER: Merck is searching for direction as it looks to break out of the current range

Post Views: 328 The price is seeking direction and trading within a range near the recent low. A potential flag formation is developing, which could confirm the continuation of the short trend. Markets are awaiting developments in the tariff negotiations and potential new deals ahead of Wednesday’s deadline — a positive sentiment would renew optimism across equity markets and indices, potentially supporting a bounce from the lows toward $93 per share. Sentiment among bank traders is stabilizing around $103, reinforcing the long-term bullish outlook. The long-term fundamental outlook remains stable, with a significant improvement in earnings growth and EPS. In summary, the stock price is relatively low and undervalued, with strong potential for a reversal — although there is currently…

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 Head of Trading Dimitar Kalapov

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