Buying and Selling in the Stock Market on June 7

Purchase of Adobe Systems Incorporated shares (#ADBE). American software developer.

On the daily chart, the price broke above the MACD indicator line with a consolidation after the previous short false move under it, and with an exit above the balance indicator line.

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The Marlin Oscillator has entered the territory of a growing trend. The growth targets are the lines of the "bullish" price channel around 539.00 and 553.00.

Sale of Teva Pharmaceutical Industries shares (#TEVA). Israeli pharmaceutical company.

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On the weekly chart, the price pushes through the red balance indicator line. A decrease in price under this line means an empirical shift in the market's interest in selling. Also, the Marlin Oscillator moved into the negative numbers zone, which confirms the predominance of selling and the market decline. The target of the decline is to support the price channel around the 9.16 mark.

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On the daily chart, the price also went under the indicator line of the balance and Marlin moved into the negative zone. This is the classic moment to open a short position.

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

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