For Traders

Analytical Reviews

Stock Markets

24.05.202106:24 Forex Analysis & Reviews: Buying and Selling in the Stock Market on May 24

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 Morgan Stanley shares (#MS) . American bank holding company.

On the daily chart, the price is growing above the MACD line, having pushed off from the 138.2% Fibonacci level three days earlier. The Marlin Oscillator has formed a wedge and is ready to go up from it. The target level is the range of Fibonacci levels of 261.8-271.0% in the price area of 92.10.

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

On the weekly chart, the price reversed from the 361.8% Fibonacci level, which, according to statistics, indicates an impending deep correction, approximately in the range of levels 223.6-238.2% or even lower.

On the daily chart, the price is fixed below the MACD indicator line and the Marlin Oscillator in the downward trend zone. The targets are determined by the Fibonacci levels: 238.2% - 31.10, 223.6% - 29.50, 200.0% - 27.00.

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.