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FX.co ★ Stock market trading on September 27

Stock market trading on September 27

Buying JPMorgan Chase & Co stocks (#JPM). US financial holding company.

On the weekly chart, the price went above the indicator balance line with the intention to go above the Fibonacci level of 223.6%. Preliminarily, there was a false price exit below the balance line and the Fibonacci line of 200.0%. The growth target of 178.50 is the Fibonacci reaction level of 261.8%. Target level of 238.2% at 169.45 is intermediate.

Stock market trading on September 27

On the daily chart, the price has consolidated above the balance and Kruzenshtern indicator lines, the Marlin oscillator has entered the zone of positive values. We expect an upward trend development.

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Stock market trading on September 27

Selling First Solar stocks (#FSLR). US solar panel manufacturer.

On the weekly chart, the price reached the nearest support of the invested price channel line. After passing it, the second target is 85.11. The next target is 77.92.

Stock market trading on September 27

On the daily chart, the price has consolidated below both the balance and Kruzenshtern indicator lines, the Marlin oscillator is falling in the area of the downward trend. We monitor the development of this trend.

Stock market trading on September 27

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