Long Term Forecast for Merck (MRK)

I view that Merck is about to begin the wave 3 of the actionary wave C of the correction that started in March 2020. My projection for the end of wave C is that the stock could fall to $66-60 in a couple of months or sooner. At the same time, I find it difficult to believe that the whole correction would end there. The main reason for that is timing. The actionary wave off the 2009 low lasted 11 years and the correction for the wave of such magnitude would be lasting only a year or less? I am expecting the correction to take at least several years if not a decade.

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