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FX.co ★ Buying and Selling in the Stock Market on April 19

Buying and Selling in the Stock Market on April 19

Purchase of Merck & Company shares (#MRK). Pharmaceutical, chemical, and biological company.

On the daily chart, the price turned from the MACD indicator line simultaneously with the reversal of the signal line of the Marlin oscillator from the zero line (April 8). Such a synchronized signal of these indicators indicates the end of the correction of the observed upward trend. This moment is indicated by an arrow. The target is the nested line of the price channel near the 81.90 mark.

Buying and Selling in the Stock Market on April 19

Sale of Morgan Stanley shares (#MS).

On the weekly chart, a reversal, or deep-correction divergence of the price with the Marlin oscillator was formed.

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Buying and Selling in the Stock Market on April 19

On the daily chart, the price completed a correction from the downward movement from the top to March 29.

Buying and Selling in the Stock Market on April 19

The correction occurred below the MACD line, which means the development within the downward medium-term perspective. The Marlin oscillator turns into a new downward wave almost exactly from the border with the growth zone. The target of the movement is the Fibonacci reaction level of 161.8% at the price of 69.35.

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