empty
24.01.2022 07:11 AM
BUY and SELL in stock market on January 24, 2022

Buying Chevron Corp shares (#CVX), a US oil company.

This image is no longer relevant

Chevron is showing stable enough performance despite a bearish US stock market. According to the daily chart, a correction emerged after the uptrend that started on December 31 when the price reversed up from the Krusenstern line (arrow). The signal line of the Marlin oscillator moved down from the overbought zone. It is likely to reverse and move up soon. In such a case, the target is seen at 132.70, the price channel line.

Selling Johnson & Johnson shares (#JNJ), an American holding company.

This image is no longer relevant

On the weekly chart, the price consolidated under the Krusenstern line and is now trying to break through the Fibonacci level of 61.8%. The signal line of the Marlin oscillator is moving down in the descending channel, having crossed the border with the downtrend and consolidation. The target is seen at 153.53, the 110.0% Fibonacci level.

This image is no longer relevant

According to the daily chart, the quote broke below the Kruzenshtern line and the Marlin oscillator is moving down in the negative territory. JNJ stock is expected to be in the downtrend.

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

Stock Market on May 13th: S&P 500 and NASDAQ

During the previous regular session, U.S. stock indices closed higher, but the situation changed dramatically afterward. The S&P 500 rose by 0.38%, the Nasdaq 100 gained 0.24%

Jakub Novak 12:17 2025-06-13 UTC+2

US Market: Israel strikes Iran's nuclear facilities. Market falls, oil and gold rise

S&P 500 Overview on 13.06 US Market: market declines following Israel's strikes on Iran Key US indices on Thursday: Dow +0.2%, Nasdaq +0.2%, S&P 500 +0.4%, S&P 500 at 6045

Jozef Kovach 11:59 2025-06-13 UTC+2

Stock market on June 12: SP500 and NASDAQ slightly drop

At the close of the last regular trading session, US stock indices ended lower. The S&P 500 fell by 0.27%, while the Nasdaq 100 dropped 0.50%. The Dow Jones Industrial

Jakub Novak 12:00 2025-06-12 UTC+2

Financial plateau or springboard? What is behind the market's pause in growth?

The US market is holding its ground but no longer advancing. It has reached its projected peak yet has not found fresh energy for the next leg up. The week

Anna Zotova 14:09 2025-06-11 UTC+2

Update on US stock market on June 11

S&P500 Snapshot of major US stock indexes on Tuesday: Dow +0.3%, NASDAQ +0.6%, S&P 500 +0.6%, S&P 500 at 6,038, range 5,400–6,200. The stock market rose on Tuesday, supported

Jozef Kovach 14:06 2025-06-11 UTC+2

Optimism wearing thin: market to sustain new impulse?

The US stock market continues to maintain its upward momentum, yet the atmosphere is increasingly charged with anticipation. Wednesday's inflation report and corporate earnings from key players are setting

Anna Zotova 12:12 2025-06-11 UTC+2

Stock Market on May 10th: S&P 500 and NASDAQ Resume Growth Amid Negotiation Results

At the close of the previous regular session, U.S. stock indices ended in positive territory. The S&P 500 rose by 0.55%, while the Nasdaq 100 jumped by 0.63%. The industrial

Jakub Novak 10:25 2025-06-11 UTC+2

US market rallies on jobs data

S&P 500 Overview for June 9 US market rallies on nonfarm payrolls data Major US indices on Friday: Dow +1%, NASDAQ +1.2%, S&P 500 +1%, S&P 500: 6,000, trading range

Jozef Kovach 13:51 2025-06-10 UTC+2

Stock Market Overview on May 9: S&P 500 and NASDAQ post sharp gains

US equity benchmarks ended the previous regular session with a pronounced surge. The S&P 500 gained 1.03%, while the Nasdaq 100 jumped 1.20%. The industrial Dow Jones added 1.05%. Asian

Jakub Novak 13:29 2025-06-10 UTC+2

Week before Fed's decision: how indices may react if inflation derails scenario

The US market is showing resilience and growing amid uncertainty. Optimism is fragile, and each new macroeconomic data release is like a roll of the dice. Further growth

Anna Zotova 13:21 2025-06-10 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.