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FX.co ★ Buying and Selling in the Stock Market on May 14

Buying and Selling in the Stock Market on May 14

Purchase of PepsiCo shares (#PEP).

Buying and Selling in the Stock Market on May 14

On the weekly chart, the price is fixed above the MACD indicator line and the balance line. The Marlin Oscillator is growing in the positive zone. The price lingered slightly at the 123.6% Fibonacci reaction level. There is growth potential to the next line of 138.2% at the price of 152.70.

Buying and Selling in the Stock Market on May 14

On the daily chart, the price is also above both indicator lines, the marlin is still below the zero line, but is determined to break it from the market opening.

Sale of Adobe Systems shares (#ADBE). Software developer.

Buying and Selling in the Stock Market on May 14

On a weekly scale, the price is developing a decline from the upper border of the price channel to the lower border with the target level of 416.70. On this path, there is an intermediate level of 438.93 - the November 2020 low. If the price leaves the price channel down, the next target will be the level 386.69 - the top of February 2020.

Buying and Selling in the Stock Market on May 14

On the daily chart, the price consolidated below the indicator lines, Marlin continues to develop a decline in the negative area.

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