empty
08.03.2021 05:48 AM
Buying and Selling in the Stock Market on March 8, 2021

Purchase of Kraft Heinz Co (#KHC) shares.

The stock quotes of this American food concern have been in the medium-term bullish price channel since mid-March 2020. After the price reversal from the lower border of the channel in mid-January 2021, the price went up with the support of technical indicators. On a weekly scale, the Marlin oscillator is growing in its own rising channel. In all likelihood, it will be decisive in realizing the growing potential.

This image is no longer relevant

The main target of growth is the magnetic point at the intersection of the 138.2% Fibonacci level with the price channel line - 42.65. Above is the target at the upper limit of the price channel 45.00, but it is not confirmed by the Fibonacci and the Marlin signal line may turn earlier, at the moment when it reaches the upper limit of its own channel. However, fixing the price above 42.65 (on the lower time frames) will indicate the intention of the price to still work out the second target.

This image is no longer relevant

On the daily scale, it can be seen how the price retested the 100.0% Fibonacci level and went to overcome the level of 110.0%. The Marlin oscillator is also growing here without going under the linear support.

Sale of Starbucks Corporation (#SBUX) shares.

On the weekly scale chart, a divergence of the price with the Marlin oscillator has formed. The diamond-shaped price-time construction gives us the desired parameters: 81.60 in July of this year. On this path, the price is waiting for an intermediate target at the level of 87.00, but without the time parameter.

This image is no longer relevant

The target level of 87.00 corresponds to the 38.2% Fibonacci level. The final target is 81.60 near the 50.0% retracement level. The 23.6% Fibonacci level coincides with the January low, which is also a significant moment for the downward movement. As a result, we get three main targets: 95.90, 87.0, and 81.60.

This image is no longer relevant

There is a divergence on a daily scale, the price went under the MACD indicator line. Further decline in the price is likely.

This image is no longer relevant

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

US stock market on April 11: S&P 500 and Nasdaq plunge

US equity markets ended Thursday's regular session with steep losses. The S&P 500 dropped 3.46%, the Nasdaq 100 fell 4.31%, and the Dow Jones Industrial Average declined 2.50%

Jakub Novak 13:41 2025-04-11 UTC+2

Update on US stock market on April 11. Major pullback after strong rally. Market regains consciousness.

S&P500 Snapshot of the US benchmark stock indices on Thursday: * Dow -2.5%, * NASDAQ -4.3%, * S&P 500 -3.5% The S&P 500 closed at 5,268, within the range

Jozef Kovach 12:00 2025-04-11 UTC+2

Stocks skyrocket after Trump's tariff delay

The US stock market just experienced one of the most powerful waves of optimism in recent years. On Wednesday, following a statement from President Donald Trump, major stock indices posted

Anna Zotova 15:10 2025-04-10 UTC+2

US market rebounds strongly, but Trump's trade war with China remains unresolved

S&P 500 Overview for April 10 US market rebounds strongly, but Trump's trade war with China remains unresolved Major US indices on Wednesday: Dow +8%, NASDAQ +12%, S&P 500 +9.5%

Jozef Kovach 11:45 2025-04-10 UTC+2

Update on US stock market on April 10. SP500 and NASDAQ grow like mad

At the close of yesterday's regular trading session, US stock indices ended with solid gains. The S&P 500 jumped by 9.52%, while the Nasdaq 100 surged by 12.15%. The industrial

Jakub Novak 11:31 2025-04-10 UTC+2

US and China engaged in fierce battle: markets slump, high-tech stocks bruised, gold stands tall

Global markets are once again in turmoil: the escalation of the trade war between the US and China has slammed stock markets, gold is breaking records, Meta is mired

Аlena Ivannitskaya 15:56 2025-04-09 UTC+2

US markets attempt to stabilize at key support levels

S&P 500 The market tries to hold support Main US indices on Tuesday: Dow -0.8%, NASDAQ -2.2%, S&P 500 -1.6%, S&P 500 at 4983, range 4800–5700. It was another volatile

Jozef Kovach 10:44 2025-04-09 UTC+2

Stock Market Overview for April 9: S&P 500 and NASDAQ Return to Annual Lows

Following Tuesday's regular trading session, U.S. stock indices closed with another decline, ending just a step away from their annual lows. The S&P 500 dropped by 1.57%, the Nasdaq

Jakub Novak 09:22 2025-04-09 UTC+2

US market: real reason behind Trump's tariffs revealed. Part 1

S&P 500 Overview for April 8 US market: real reason behind Trump's tariffs revealed. Part 1 Major US indices on Monday: Dow -0.9%, NASDAQ +0.1%, S&P 500 -0.2%, S&P

Jozef Kovach 13:50 2025-04-08 UTC+2

US market sees sharp rebound. Part 2

S&P 500 Overview for April 8 US market sees sharp rebound. Part 2 Major US indices on Monday: Dow -0.9%, NASDAQ +0.1%, S&P 500 -0.2%, S&P 500: 5,062, trading range

Jozef Kovach 13:04 2025-04-08 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.