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FX.co ★ Trading on stock exchange on November 29, 2021

Trading on stock exchange on November 29, 2021

Buying shares of Unilever (#UL), a British multinational consumer goods company.

On the weekly chart, the price reversed upward from the price channel line during the emerging convergence. It could be a 38.2% retracement before the continuation of the downtrend. This upside potential corresponds to the price level of 55.30.

 Trading on stock exchange on November 29, 2021

On the daily chart, the price settled above the Kruzenshtern line. The Marlin oscillator is headed upward. The price is expected to extend its upward movement.

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 Trading on stock exchange on November 29, 2021

Selling shares of Oracle Corporation (#ORCL), an American software producer.

On the weekly chart, a double divergence was formed. The signal line of the Marlin oscillator is in the bearish zone. The quote is expected to reach the June high of 85.01. The Kruzenshtern line is approaching this level as well.

 Trading on stock exchange on November 29, 2021

On the daily chart, the price consolidated below the balance and Kruzenshtern lines. The Marlin oscillator is in the bearish zone. The price is expected to move further down.

 Trading on stock exchange on November 29, 2021

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