We recently noted that price of Merck (MRK) stocks was sliding and would likely find buyers if it came down to 62, where we can see a bunch of support factors on the chart.Merck (MRK) Daily Chart(click to enlarge)Support Factors:- The key support factors are 1) 200-day simple moving average (SMA), 2) a rising trendline.- We were also anticipating the RSI pushing to 30, which would be an oversold signal in an uptrend (and we do have a year-long uptrend).Bought at Support:- The Merck continued to slide, but found support at 62.18 this week.- However, we should not immediately conclude that a bullish continuation swing is on its way. - There is still a chance that the bulls and bears will battle it out a little longer above or around 62.- A clean break above 64.00 would be a nice confirmation for the upside. - Above 64, price action would open up to the high on the year so far at 66.80. - Above that, a bullish continuation to 70 within the year is very possible.