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02.08.2021 06:25 AM
Buying and selling in the stock market on August 2

Purchase of Alcoa Corporation shares (#AA). Aluminum production company.

On the daily chart, the price consolidated above the MACD indicator line and went above the Fibonacci reaction level of 314.0%. The Marlin Oscillator is clearly growing in the positive trend zone. The target of the continued growth is the Fibonacci reaction level of 361.8% at the price of 44.61.

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Sale of Zynga shares (#ZNGA). American video game developer.

On the weekly chart, the price breaks below the indicator line of the balance, shifting the market's interest in selling.

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The Marlin Oscillator has already consolidated in the negative zone. Historical supports/resistances near the Fibonacci levels are the targets. The first target at 9.34 is the January low near the Fibonacci level of 110.0%, the second target at 8.59 is the low on June 5, 2020 near the Fibonacci level of 138.2%.

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On the daily chart, the price consolidated below the balance and MACD indicator lines, as well as below the 76.4% Fibonacci level. The Marlin Oscillator is declining in the downward trend zone.

Laurie Bailey,
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