empty
11.08.2021 05:54 AM
Buying and selling in the stock market on August 11

Purchase of Illumina shares (#ILMN). American biogenic company.

On the daily chart, the signal line of the Marlin Oscillator bounced upward from the zero line (arrows) for the second time. At the second time, this reversal was synchronized with the price reversal from the balance indicator line (arrow). This double signal amplifies the rising potential. The price is expected to reach the level of 554.27, which is the top on February 12.

This image is no longer relevant

Sale of Western Digital Corporation shares (#WDC). American manufacturer of computer components.

On the daily chart, the price reversed downward at the coincidence point of two indicator lines - balance and MACD. Visually, the price gets accelerated. A sharp decline in the Marlin oscillator also indicates the prospect of a medium-term price decline, despite the fact that Marlin is still in the growth zone and has a good prospect for a decline.

This image is no longer relevant

The first target of the bears is the last month's low at 60.87, which coincides with the Fibonacci level of 161.8%. The second target is 56.90 - the 200.0% Fibonacci level, which coincides with the low of October 23, 2019. The third target at 54.57 is the 223.6% Fibonacci level, which coincides with the high on December 18, 2020.

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Point of no return: markets break down as US enters bear phase

The US equity market is under pressure as futures spiral, the VIX surges, and Treasury yields plunge—signaling a potential structural crisis. Panic marks the start of Q2 The first week

Anna Zotova 13:29 2025-04-07 UTC+2

Full-blown market drama: USD, Oil, S&P 500, and Big Tech all crashing

Financial markets are shaking again: the S&P 500 is tumbling so fast that veterans recall the COVID-era crash, oil is taking a one-two punch from Trump and OPEC+, the dollar

Аlena Ivannitskaya 12:10 2025-04-07 UTC+2

Recap of US stock market on April 7. SP500 and NASDAQ open new week sharply in red

The US benchmark stock indices closed the New York session on Friday in the red. The S&P 500 plunged by 5.97%, while the Nasdaq 100 lost 5.92%. The industrial

Jakub Novak 10:34 2025-04-07 UTC+2

Update on US stock market. Trump's tariffs crash US stocks. Recession realistic, but current market quotes great for buying

S&P500 Market update on April 7. Snapshot of the US major stock indices on Friday:* Dow -5.5%* NASDAQ -5.8%* S&P 500 -6% S&P 500 is trading at 5,074 within

Jozef Kovach 09:40 2025-04-07 UTC+2

Stocks slide sharply as broad tariffs raise recession risk

S&P 500 US equities plunged on Thursday as President Donald Trump's sweeping new tariffs triggered a sharp sell-off and reignited fears of a global recession. The Dow fell by 4%

Jozef Kovach 11:14 2025-04-04 UTC+2

US stock market on April 4: SP500 and NASDAQ suffering heavy losses

As a result of yesterday's regular session, US stock indices closed in the red. The S&P 500 plummeted by 4.84%, while the Nasdaq 100 lost 5.97%. The industrial Dow Jones

Jakub Novak 11:13 2025-04-04 UTC+2

Update on US stock market: Trump strikes at global trade with tariffs and crashes markets

S&P500 Update on April 03 Snapshot of benchmark US stock indices on Wednesday: Dow, NASDAQ, S&P 500: all -2% S&P 500 at 5,535 in the range of 5,500 to 6,000

Jozef Kovach 11:57 2025-04-03 UTC+2

Stock Market on April 2: S&P 500 and NASDAQ Hit New Yearly Lows

At the close of yesterday's regular session, U.S. stock indexes ended in positive territory. The S&P 500 rose by 0.67%, the Nasdaq 100 gained 0.87%, and the Dow Jones Industrial

Jakub Novak 09:13 2025-04-03 UTC+2

US markets show resilience despite tariff concerns and economic weakness

S&P 500 The US stock markets paused ahead of President Trump's anticipated tariff announcements. The major indices ended the session mixed: the Dow Jones closed flat, the Nasdaq gained 0.9%

Jozef Kovach 12:15 2025-04-02 UTC+2

Update on US stock market on April 2: SP500 and NASDAQ regain their footing before crucial event

Following yesterday's regular session, US stock indices closed mixed. The S&P 500 rose by 0.38%, while the Nasdaq 100 gained 0.87%. The industrial Dow Jones dipped by 0.04%. Asian indices

Jakub Novak 11:19 2025-04-02 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.