10.03.202105:32 Forex Analysis & Reviews: Buying and Selling in the Stock Market on March 10, 2021

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Purchase of Boeing company (#VA) shares.

The weekly chart of the stock shows a stable growth over the past 7 weeks in a bullish price channel. The Marlin oscillator is rising. The general trend is rising. Growth targets: 247.00 (the area of historical extremes, in particular, the top of July 2017), then the more important target of 268.50 – the nested line of the price channel. It is also possible for the price to go above this line, to the target level of 283.20, unless a reversal divergence of the price with the oscillator is formed earlier.

On the daily chart, the price is developing in a completely upward trend, both according to price indicators and the Marlin oscillator. We are waiting for the price to rise to the specified targets.

Netflix stock sale (#NFLX).

On the weekly chart, the price divergence has formed, and is developing with the Marlin oscillator, which is already in the negative area. The target of reducing the price is the level of 458.00 - the area of the September 2020 minimum and the May 2020 top.

On the daily chart, the price is fixed under both indicator lines, Marlin with a downward trend.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.