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Buying JPMorgan Chase & Co stocks (#JPM). US financial holding company.
On the weekly chart, the price went above the indicator balance line with the intention to go above the Fibonacci level of 223.6%. Preliminarily, there was a false price exit below the balance line and the Fibonacci line of 200.0%. The growth target of 178.50 is the Fibonacci reaction level of 261.8%. Target level of 238.2% at 169.45 is intermediate.
On the daily chart, the price has consolidated above the balance and Kruzenshtern indicator lines, the Marlin oscillator has entered the zone of positive values. We expect an upward trend development.
Selling First Solar stocks (#FSLR). US solar panel manufacturer.
On the weekly chart, the price reached the nearest support of the invested price channel line. After passing it, the second target is 85.11. The next target is 77.92.
On the daily chart, the price has consolidated below both the balance and Kruzenshtern indicator lines, the Marlin oscillator is falling in the area of the downward trend. We monitor the development of this trend.
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