Purchase of General Electric shares (#GE). American industrial conglomerate.
On the daily chart, the price has been steadily rising above the MACD indicator line since October 2020. The trend persists, showing no signs of reversal or exhaustion. The Marlin oscillator has entered the growth zone. The target of the ongoing trend is the top of May 2018 at the price of 15.57.
Sale of Marvell Technology Group shares (#MRVL). A company that manufactures semiconductors and telecommunications equipment.
On the weekly chart, the signal line of the Marlin oscillator is turning down from its own zero line, which is not only the boundary separating the growth zone from the fall zone, but also the support-resistance line.
On the daily chart, the price reversed a week ago from the 23.6% Fibonacci level, which corresponds to a deep correction of 76.4% of the entire downward movement from January 20 to March 5. Then the price was fixed under the MACD line. The targets of the movement are determined by further Fibonacci levels: 61,8% – 44.70, 76,4% – 42.15, coinciding with the low of December 11, 2020.