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FX.co ★ Buying and Selling in the Stock Market on September 7

Buying and Selling in the Stock Market on September 7

Purchase of shares in Merck & Company Inc (#MRK). Pharmaceutical company.

On the weekly chart, the price went above both indicator lines - above the balance line and the MACD line. The Marlin Oscillator continues to stay in the zone of the growing trend.

Buying and Selling in the Stock Market on September 7

The target for growth is the peak in January 2021 at 85.58, which coincides with the Fibonacci reaction level of 161.8%. The intermediate target is the Fibonacci level of 110.0% at the price of 81.20.

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Buying and Selling in the Stock Market on September 7

On the daily chart, the price goes above the MACD indicator line, the Marlin Oscillator is trying to settle in the zone of positive values. The trend is upward.

Sale of shares of Petroleo Brasileiro Petrobras (#PBR). Brazilian oil and gas company.

Buying and Selling in the Stock Market on September 7

On the weekly chart, the price breaks below the balance indicator line, displacing the market tendency mainly to a decrease. The Marlin oscillator, after a brief confusion at the border with the bears' territory, entered it. The target of the movement is the level of 7.05 - the low on March 2021.

Buying and Selling in the Stock Market on September 7

On the daily scale chart, the price is below the balance and MACD indicator lines, the Marlin oscillator has entered the downward trend zone. Further downward price movement is likely.

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