empty
 
 
09.08.2021 06:30 AM
Buying and selling in the stock market on August 9

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

This image is no longer relevant

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.

This image is no longer relevant

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.

This image is no longer relevant

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.

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2025
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback