logo

FX.co ★ Trading in stock markets on October 25, 2021

Trading in stock markets on October 25, 2021

Buying Adobe shares is hedged by selling Micron.

Buying shares of Adobe Systems Incorporated (#ADBE), a software developer.

 Trading in stock markets on October 25, 2021

In the past two weeks, the company's shares have been bullish. The Marlin oscillator is moving in a positive zone. The target is seen at the 261.8% Fibonacci level of 694.00.

See also: InstaForex is the official sponsor of FC Borussia Dortmund. Open an account and start trading with a trusted broker.
 Trading in stock markets on October 25, 2021

On the daily chart, the price broke above the Krusenstern line after a two-day consolidation below it and above the 200.0% Fibonacci level. The Marlin oscillator is headed upward, and the quote is likely to extend gains.

Selling shares of Micron Technology (#MU), a semiconductor manufacturer.

 Trading in stock markets on October 25, 2021

In the previous week, the price closed below the 138.2% Fibonacci level. This indicates weekly consolidation below this level and a high likelihood of a further fall in price. The first target is seen at the 161.8% Fibonacci level of 63.13. In case of consolidation below it, another target will be seen at the 200.0% Fibonacci level of 55.15.

 Trading in stock markets on October 25, 2021

On the daily chart, eight candlesticks consolidated on the Fibonacci line below the Krusenstern line, indicating the possibility of a further price decline. The Marlin oscillator is reversing downward.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
Go to the articles list Go to this author's articles Open trading account