Short term view - MERCK KGAA : The resistance is close.
In our previous short term analysis (02/09/2016), we were positive.We remain positive with a target at 100 € and an invalidation level at 91,9 €.
Prices are consolidating, but we favour the underlying uptrend.
Arguments :
- The resistance is close.
- The moving average is...
Merck is a global science and technology company based in Germany. Co. diversifies its activities into four business divisions: Merck Serono, Consumer Health, Performance Materials and Merck Millipore. The Merck Serono develops, manufactures and markets prescription drugs to treat cancer, multiple sclerosis, infertility, growth disorders, and selected cardiovascular and metabolic diseases. The Consumer Health manufactures and markets over-the-counter drugs addressing health themes such as mobility, women's and children's health, cough and cold. Performance Materials is a specialty chemicals business. The Merck Millipore is the supplier of products and services for the life science industry.
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