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FX.co ★ Buying and Selling in the Stock Market on May 17

Buying and Selling in the Stock Market on May 17

Purchase of Cisco Systems shares (#CSCO). An information technology and networking company.

On the weekly chart, the quote is growing above the 123.6% Fibonacci level, the Marlin oscillator is in the zone of positive values. There is a prospect of growth to the 2019 high of 58.23, in the area of which the 161.8% Fibonacci level is located.

Buying and Selling in the Stock Market on May 17

On the daily chart, the price went above the MACD indicator line simultaneously with the Marlin oscillator into the zone of positive values. There is a signal for continued growth.

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Buying and Selling in the Stock Market on May 17

Sale of Mastercard shares (#MA). Transnational financial corporation, payment system.

Buying and Selling in the Stock Market on May 17

On the weekly chart, the price approached the lower edge of the wedge after the upper shadow was falsely broken three weeks ago. A false exit of the price above the upper border means an increased probability of breaking the lower border. Also, the Marlin oscillator has infiltrated the zone of bears. The target of the decline is the low of October 2020 at 281.09.

Buying and Selling in the Stock Market on May 17

On the daily chart, the price has already touched the lower border of the wedge, now the moment has come to decisively overcome it. Marlin is in a declining trend.

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