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FX.co ★ Buying and selling in the stock market on August 9

Buying and selling in the stock market on August 9

Purchase of Alcoa shares (#AA). American aluminum producer.

Buying and selling in the stock market on August 9

On the daily chart, the price reversed upward from the MACD indicator line. The line itself, being a trend indicator, turns up. The price fixed above the Fibonacci reaction line of 314.0%. The Marlin Oscillator turned in the positive zone into a new growth wave. The growth target is the 361.8% Fibonacci level at 44.56.

Sale of Unilever shares (#UL). Dutch food company.

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Buying and selling in the stock market on August 9

On the weekly chart, the price consolidated below the indicator line of balance and found it as strong resistance. The market balance shifted to the predominant side of sales. The Marlin Oscillator has consolidated in the territory of the downward trend. The targets of the decline are the lines of the falling price channel: 52.15, 50.50.

Buying and selling in the stock market on August 9

On a daily chart, the price is developing a wave of decline below the balance line. The Marlin Oscillator turned downward from the border with the growth territory, failing to overcome it. The predominant direction of the price is down.

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