empty
31.01.2022 07:07 AM
Stock market trading on January 31, 2021

Purchasing Coca-Cola shares (#KO), the largest manufacturer of beverages and concentrates.

On the weekly chart, the lower shadow of the weekly candlestick attempted to touch the 110.0% Fibonacci level. Then, the price instantly reversed up. The Marlin oscillator still has room to grow and enter the overbought zone. The target is seen at the 161.8% Fibonacci level (63.38).

This image is no longer relevant

On the daily chart, the signal line of the Marlin oscillator crossed the border with the uptrend, while the daily candlestick was moving up. This is a good signal for the extension of the uptrend.

This image is no longer relevant

Selling Caterpillar (#CAT) shares, an American manufacturer of construction equipment.

This image is no longer relevant

On the weekly chart, after a false breakout above the Krusenstern line (gray oval), the price went down. The Marlin oscillator crossed the border with the downtrend. There are no significant barriers for the price to fall. The first target is at 173.17, the top of January 2018. Another target is seen at the level of 150.50, the high of December 2019.

This image is no longer relevant

On the daily chart, the price went below the Krusenstern line and consolidated there. The downward movement is likely to extend.

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
Analytic
Yuriy Zaycev
Start trade
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

US stock market: rate cut opens door to new record highs

The US stock market has entered a new phase following the Federal Reserve's first rate cut of the year. The decision to lower the federal funds rate by 25 basis

Anna Zotova 15:46 2025-09-18 UTC+2

Stock Market on September 18: S&P 500 and Nasdaq regain losses amid Fed' decision

US stock indices closed mixed at the end of yesterday's session. The S&P 500 fell by 0.10%, while the Nasdaq 100 declined by 0.43%. The Dow Jones Industrial Average, however

Jakub Novak 11:53 2025-09-18 UTC+2

Stock Market on September 17: S&P 500 and Nasdaq return to earth

US equity indices closed lower yesterday, with the S&P 500 down 0.13% and the Nasdaq 100 slipping 0.07%. The Dow Jones Industrial Average fell 0.27%. Futures on major indices

Jakub Novak 10:39 2025-09-17 UTC+2

S&P 500 Forecast for September 17, 2025

A month ago, on August 19, we expected a US stock market reversal based on the completion of five DeMark sequences. However, that reversal didn't materialize—there was only a five-day

Laurie Bailey 08:15 2025-09-17 UTC+2

Stock Market on September 16: S&P 500 and NASDAQ set new all-time highs

US equity indices closed higher yesterday, with the S&P 500 up 0.47% and the Nasdaq 100 adding 0.44%. The Dow Jones Industrial Average gained 0.11%. Indices continued to notch record

Jakub Novak 11:23 2025-09-16 UTC+2

Stock Market on September 15: S&P 500 and NASDAQ remain near record highs

Last Friday, US equity indices closed mixed. The S&P 500 edged down 0.05%, while the Nasdaq 100 gained 0.49%. The Dow Jones Industrial Average slipped 0.49%. At the start

Jakub Novak 10:44 2025-09-15 UTC+2

Stock market on September 12: S&P 500 and NASDAQ set new all-time highs

Yesterday, US stock indices closed higher. The S&P 500 rose by 0.85%, while the Nasdaq 100 added 0.72%. The Dow Jones Industrial Average fell by 1.36%. Relatively moderate inflation readings

Jakub Novak 09:26 2025-09-12 UTC+2

Stock market on September 11: S&P 500 and NASDAQ ease slightly ahead of key data

Yesterday, US stock indices closed mixed. The S&P 500 rose by 0.30%, while the Nasdaq 100 added 0.03%. The industrial Dow Jones fell by 0.48%. Futures on US and European

Jakub Novak 08:42 2025-09-11 UTC+2

Stock market on September 10: S&P 500 and NASDAQ hit new record highs

Yesterday, US stock indices closed higher. The S&P 500 rose by 0.27%, while the Nasdaq 100 gained 0.37%. The industrial Dow Jones strengthened by 0.43%. The indices reached record highs

Jakub Novak 08:46 2025-09-10 UTC+2

Stock market on September 9: S&P 500 and NASDAQ rebound on tech strength

US stock indices closed higher yesterda. The S&P 500 rose by 0.21%, while the Nasdaq 100 gained 0.41%. The industrial Dow Jones strengthened by 0.25%. On Tuesday, global indices continued

Jakub Novak 08:45 2025-09-09 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.