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06.10.202108:35 Forex Analysis & Reviews: Buying and selling shares in stock market on October 6, 2021

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Buying shares of Citigroup (#C), the largest financial corporation in the US. On the weekly chart, the price went above the resistance of the balance line (red), giving a buy signal. The Marlin oscillator is headed upward in the negative zone. The bullish target is seen at 80.79, the high as of February 2021 and January 2018.

Exchange Rates 06.10.2021 analysis

On the daily chart, the price consolidated above the balance line, the Marlin oscillator moved to the positive zone. The quote is expected to continue rising today.

Exchange Rates 06.10.2021 analysis

Selling shares of Master Card (#MA), a global payments company.

Exchange Rates 06.10.2021 analysis

On the weekly chart, the price reversed and went down from the balance line. The Marlin oscillator is headed down in the negative zone. The target is seen at the January 2021 low of 321.20. Then, the price may go down to the October 2020 low of 281.09.

Exchange Rates 06.10.2021 analysis

On the daily chart, the price consolidated below the balance line (red) and the Kruzenshtern line (blue). The Marlin oscillator is trying to leave the negative zone. The downward trend is expected to develop.

Laurie Bailey
Analytical expert of InstaForex
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.02% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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