03.05.202106:39 Forex Analysis & Reviews: Buying and Selling in the Stock Market on May 3

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

On the weekly chart, the Marlin oscillator turned up from its own zero line. Using the pivot point on the price chart, we draw the price channel. Let's look at the details and targets on a daily scale.

On the daily chart, the price with the Marlin oscillator formed a convergence. The signal line of the oscillator has penetrated into the growth zone. The targets are determined by the nested lines of the price channel: the first target is 11.19, the second target is 12.16, and the third target is 12.52.

Sale of Marvell Technology Group shares (#MRVL). American manufacturer of semiconductor devices.

On the weekly chart, four weeks ago, the Marlin oscillator turned down from the border with the growth territory. At this point, the price completed a deep 76.4% correction from the downward movement of January 20-March 5 (on the chart, this is the 23.6% Fibonacci line). Long-term targets are determined by the Fibonacci levels: 76.4% - 42.12, 100.0% - 27.98, 123,6% - 33.71.

On the daily chart, the price last Friday moved down with force, leaving the consolidation at the level of the 50.0% correction, and anchoring under the red balance line indicator. The Marlin oscillator is turning around from the border with the territory of growth for the third time in a row . The downward trend is getting stronger.