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.

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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.

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

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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.

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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.

The material has been provided by InstaForex Company - www.instaforex.com

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