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12.11.2021 07:48 AM
Buying and selling on stock market on November 12

Buying stocks of Hewlett-Packard Company (#HPQ). US IT company, manufacturer of computers and printers.

On the weekly chart, the price is fixed above the indicator balance line, the Marlin oscillator is rising in the positive area of increasing trend. The growth target is the upper line of the price channel of a monthly time frame near 36.36.

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On the daily chart, the Marlin oscillator line has formed a consolidation - a sign of further growth. This stock growth is expected..

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Selling Visa shares (#V). US multinational company of financial services and payment transactions.

On the weekly chart, the price of the upper shadow of the current candle turned down from the balance line, which gave an impetus for a further decline. The Marlin oscillator in the negative area. The downside target is this year's January low at 192.79.

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On the daily chart, the price demonstrates reduction under the indicator balance and Kruzenshtern lines. The Marlin oscillator turned down without reaching the border with the growth area. Decrease is quite possible concerning the technical picture.

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Laurie Bailey,
Analytical expert of InstaForex
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