For Traders

Analytical Reviews

Stock Markets

21.06.202105:39 Forex Analysis & Reviews: Buying and selling in the stock market on June 21

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 Amazon.com shares (#AMZN). Large online retailer and cloud computing operator.

Amazon shares are rising against the general market decline. It makes sense to buy them with insurance by selling a falling stock.

On the daily chart, the price develops above the indicator lines of the balance and MACD. The Marlin oscillator is in the growth zone. The first target of the continuing upward trend is the 238.2% Fibonacci level at 3597.00. The second target is 3696.00 along the Fibonacci reaction line of 271.0%.

Sale of Starbucks shares (#SBUX). American coffee company and coffee shop chain.

After the price reversal from the MACD indicator line on the daily chart (red arrow), the price is steadily decreasing.

The minimum of May 19 (100% Fibonacci) will soon be overcome and the fall may intensify. The Marlin Oscillator has moved into a downward trend zone. The first target is the 161.8% Fibonacci level, which coincides with the March 5 low.

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.