Values To Watch: Boeing, Pfizer, AMAT And USD/JPY
Markus Gabel | May 23, 2016 10:52AM ET
USD/JPY
In this forex pair we can see two downward-facing trends. The medium trend size is in a very old phase, in its respective seventh correction arm. A large trend continuation is not that likely, but we can also see a downtrend in the small trend size. This trend is very young and has been able to continue each time.
Applied Materials (NASDAQ:AMAT)
This value could be interesting for investors. The small trend size displayed in the chart is very mature and could break in the near future, at the latest with a break by the closing price at $25.71. The last weekly candle indicates continually increasing prices, and as a consequence we can speculate on the aforementioned trend break.
Pfizer (NYSE:PFE)
If we observe Pfizer in the hourly chart and here in the big trend size, we see a very young but large downtrend. This trend is currently in a deep correction and has a very long way ahead of it to reach the next point two at $28.25. My short trade has been active since the entry at $33.17, and I am speculating on a trend continuation. As you can see, my stop lies slightly above the last point three at $36.87.
Boeing (NYSE:BA)
We are looking at Boeing in the daily chart and the medium trend size. We can see a young downtrend that was in the correction but has developed some reversal signals. My short trade is already active, but it is not too late to get in. The first target is located at the last point two at $104.47; the stop was placed above the last point three at $158.62.
Get The News You Want
For presentation purposes the trading software "AgenaTrader" has been used.
Disclaimer: Exchange transactions are associated with significant risks. Those who trade on the financial and commodity markets must familiarize themselves with these risks. Possible analyses, techniques and methods presented here are not an invitation to trade on the financial and commodity markets. They serve only for illustration, further education, and information purposes, and do not constitute investment advice or personal recommendations in any way. They are intended only to facilitate the customer's investment decision, and do not replace the advice of an investor or specific investment advice. The customer trades completely at his or her own risk. Please refer to the current version of the Terms and Conditions.
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.