Merck stock shows double top breakdown, signaling risk of deeper price correction ahead.

Merck's stock has formed a double top pattern with a breakdown below the $112.72 neckline, indicating rising bearish pressure and a potential deeper correction. Key resistance levels near $117.36 and $115.72 could limit any short-term rallies. A sustained move above $119.36 is needed to negate the bearish outlook; otherwise, the stock may test lower support levels. Despite this correction risk, Merck's long-term uptrend remains intact, leaving room for a possible bullish recovery if new highs are reached.