Buying and Selling in the Stock Market on June 9

Purchase of Illumina shares (#ILMN). A biological company specializing in genetic engineering.


On a weekly chart, the price is growing with the support of the Marlin Oscillator, which has entered the positive zone. The growth targets are determined by the Fibonacci reaction levels: 452.60 - 123.6%, 482.75 - 138.2%.


On the daily chart, the price fixed above the MACD line and above the Fibonacci level of 110.0%, the Marlin oscillator is in the bulls' territory. The growth continues.

Sale of Comcast shares (#CMCSA). American Telecommunications Corporation.


On the weekly price chart, a double price divergence with the Marlin oscillator is formed. The oscillator itself is already in the negative region.


On the daily scale, the prices went below the MACD indicator line and now the first target at 54.69, determined by the low of April 30, is opened in front of it. Below it is the second target at 52.25 - the high of January 28. We also note the divergence on the daily scale.

The material has been provided by InstaForex Company -