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21.04.2021 05:46 AM
Buying and Selling in the Stock Market on April 21

Purchase of Orange ADR shares (#ORAN). Multinational Telecommunications company (Paris).

On the weekly chart, the price is rising above the balance indicator line. The medium-term upside potential is strong, as the Marlin moves almost horizontally over the border with the territory of negative numbers, far from the overbought zone. The targets are determined by the levels of the Fibonacci reaction: 13.65 (123,6%), 14.06 (138,2%), 14.72 (161,8%).

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On the daily chart, the price is growing with both indicator lines, the Marlin oscillator has entered the zone of positive values – the zone of a growing trend.

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Sale of JPMorgan Chase shares (#JPM). American financial holding company.

On the weekly chart, a divergence of the price with the Marlin oscillator was formed. For the second week, the decline continues, with the likely nearest target of 134.80 at the level of 38.2% correction from the last branch of growth in the period from September last year to mid-March this year. The second target is 126.50 - 50.0% Fibonacci level, which the MACD indicator line is aiming for.

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On the daily chart, the price is fixed under the MACD and balance lines. Marlin is in the negative zone. The trend is completely decreasing.

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Laurie Bailey,
Analytical expert of InstaForex
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