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FX.co ★ Buying and Selling in the Stock Market on March 26

Buying and Selling in the Stock Market on March 26

Purchase of International Paper (#IP) shares. A paper and cardboard manufacturing company.

On the daily working scale chart, the price turned up with force from the point of coincidence of 161.8% Fibonacci level and the MACD line. The movement on February 5-12 was chosen as the base branch for the Fibonacci grid. The Marlin oscillator, after a false entry into the territory of a declining trend, abruptly went back to the growth zone. The target of the movement is the 361.8% Fibonacci level at the price of 57.85.

Buying and Selling in the Stock Market on March 26

Sale of Microsoft Corporation (#MSFT) shares.

The price divergence with the Marlin oscillator is formed on the weekly scale chart. There is a strong condition for a reversal.

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Buying and Selling in the Stock Market on March 26

On the daily chart, the price yesterday went under the MACD indicator line with the previous reversal of the signal line of the Marlin oscillator from its own zero line. Moreover, this turn from the border is made for the second time in a row, which enhances its significance. The decline targets are determined by the Fibonacci reaction levels: 138.2% at the price of 215.90, and 161.8% at the price of 210.80.

Buying and Selling in the Stock Market on March 26

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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