For Traders

Analytical Reviews

Stock Markets

29.11.202107:23 Forex Analysis & Reviews: Trading on stock exchange on November 29, 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.

Buying shares of Unilever (#UL), a British multinational consumer goods company.

On the weekly chart, the price reversed upward from the price channel line during the emerging convergence. It could be a 38.2% retracement before the continuation of the downtrend. This upside potential corresponds to the price level of 55.30.

On the daily chart, the price settled above the Kruzenshtern line. The Marlin oscillator is headed upward. The price is expected to extend its upward movement.

Selling shares of Oracle Corporation (#ORCL), an American software producer.

On the weekly chart, a double divergence was formed. The signal line of the Marlin oscillator is in the bearish zone. The quote is expected to reach the June high of 85.01. The Kruzenshtern line is approaching this level as well.

On the daily chart, the price consolidated below the balance and Kruzenshtern lines. The Marlin oscillator is in the bearish zone. The price is expected to move further down.

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.