07.03.202207:14 Forex Analysis & Reviews: Stock trading on March 7, 2022

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Buying the shares of Johnson & Johnson, an American healthcare holding. On the weekly chart, the quote reached the Krusenstern line. The Marlin oscillator is moving up in the positive zone. The price may break through resistance. The first target is seen at the February high of 174.27. The August high of 179.90 serves as the second target.

The price went above the Krusenstern line and the Marlin oscillator reached the positive zone on the weekly chart. The quote has bullish potential.

Selling the shares of Advanced Micro Devices (#AMD), an American semiconductor producer.

On the weekly chart, the price fell below the balance line and the 161.8% Fibonacci level. The Marlin oscillator is moving down in the negative zone. Bear targets are seen at the July low of 84.22 near the 238.2% Fibonacci level and the May low of 72.49, in line with the 271.0% Fibonacci level.

On the daily chart, the quote is moving below the balance line. The Marlin oscillator is moving down in the negative zone and is likely to extend the move.

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