Buying and Selling in the Stock Market on June 1

Purchase of Nintendo shares (#NTDOY). A Japanese company that makes video games and consoles.

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On the weekly chart, the price went above the indicator lines of the balance and MACD and above the embedded line of the price channel of the higher timeframe. The Marlin Oscillator has crossed the border into growth territory. The price accelerates to the upper border of the price channel to the target level of 85.40.

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On the daily chart, the price is similarly fixed above both indicator lines, and the Marlin Oscillator is already developing an upward movement in the zone of the growing trend. We look forward to continued price growth.

Sale of AT&T shares (#T). Telecommunications company.

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On the weekly chart, the price went under the indicator lines of the balance (red) and MACD (blue), while the Marlin oscillator is in the zone of negative values, that is, the outlook for the trend is completely decreasing. The first target of the decline is at 23.10 - the low of November 19, 2020, and the second target is 26.53 - the low of October 21, 2020.

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On the daily chart, the price has strengthened below the indicator lines, the Marlin Oscillator has grown a little along with the price, discharging from the oversold zone, and now the conditions are ready for a new decline.

The material has been provided by InstaForex Company - www.instaforex.com

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