empty
20.09.2021 06:07 AM
Buying and Selling in the Stock Market on September 20

Purchase of shares in MGM Resorts International (#MGM). A company in the hospitality and entertainment sector.

On the weekly chart, the price could not overcome the support of the balance indicator line despite the help of the Marlin Oscillator, which is declining in the negative area. The price has the opportunity to rally further, to the Fibonacci reaction level of 223.6% at the price of 45.96, before turning into a medium-term decline.

This image is no longer relevant

On the daily chart, the price turned up from the support of the balance and MACD lines. The Marlin Oscillator is in the growing trend zone.

This image is no longer relevant

Sale of shares of Freeport-McMoRan Copper & Gold Inc (#FCX). American copper and gold producer.

This image is no longer relevant

The price has overcome the support of the MACD indicator line on the weekly chart. The Marlin Oscillator is declining in negative territory. The trend is downward, the targets of the movement are: 29.43 - the March 2021 low, 24.70 - January low.

This image is no longer relevant

On the daily chart, the price settled below the balance and MACD indicator lines, the Marlin oscillator rushes into the downward trend zone. For this stock, the advantage is with the decline.

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

S&P 500: from euphoria to collapse

The wave of optimism that swept through US stock markets following Donald Trump's re-election turned out to be short-lived. Euphoria quickly gave way to a deep correction amid escalating trade

Anna Zotova 13:55 2025-03-24 UTC+2

US stock market on March 24: SP500 and NASDAQ gathering steam in light of news on tariffs

Today, US and European stock futures are trading higher amid signs that the next round of tariffs from President Donald Trump may be more restrained than expected. Investors responded positively

Jakub Novak 10:42 2025-03-24 UTC+2

US market attempts to rebound. Prospects of US strike against Iran support oil prices

S&P 500 Overview for March 24 The US market is attempting to rebound Major US indices on Friday: Dow: +0.1%, NASDAQ: +0.5%, S&P 500: +0.1%,S&P 500: 5,667, trading range: 5,500–6,000

Jozef Kovach 10:15 2025-03-24 UTC+2

Stock Market Outlook for March 21st: S&P 500 and NASDAQ Under Pressure Again

At the close of yesterday's regular trading session, U.S. stock indices ended in the red. The S&P 500 fell by 0.22%, while the Nasdaq 100 lost 0.33%.Asian stock indices also

Jakub Novak 10:46 2025-03-21 UTC+2

US market in consolidation phase. Trump seeks Senate backing for Iran strikes

S&P 500 Overview for March 21 The US market entered a phase of consolidation on Thursday as it struggled to define its next direction. Major US indices on Thursday

Jozef Kovach 10:10 2025-03-21 UTC+2

Federal Reserve throws lifebuoy to stock market

The wave structure on the 24-hour chart for #SPX is fairly clear. The first and most important point is the large-scale five-wave structure, which is so wide that it barely

Chin Zhao 09:21 2025-03-21 UTC+2

US market rallies as Fed holds rates steady

S&P500 Overview for March 20 The US market rallied as the Fed left interest rates unchanged. Key US indices on Wednesday: Dow: +0.9%, NASDAQ: +1.4%, S&P 500: +1.1% (S&P

Jozef Kovach 11:19 2025-03-20 UTC+2

US stock market on March 20: S&P 500 and Nasdaq regain their footing

US stock indices ended the day with solid gains. The S&P 500 climbed by 1.1% and the Nasdaq 100 closed 1.41% up. At the moment, S&P 500 futures

Jakub Novak 09:30 2025-03-20 UTC+2

S&P 500 Forecast for March 20, 2025

The S&P 500 experienced a positive trading session yesterday and has started today on a strong note. However, the entire rally since March 14 still appears to be a correction

Laurie Bailey 03:37 2025-03-20 UTC+2

US market overview: pullback after growth. Focus on Fed. No rate change expected

S&P 500 Market overview on March 19 US Market: Pullback. Consolidation. Focus on Fed. Major US indices on Tuesday: Dow -0.6%, NASDAQ -1.7%, S&P 500 -1.1%, S&P 500 5,614, range

Jozef Kovach 10:57 2025-03-19 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.