Weekly chart:
FLIR Systems (NASDAQ:FLIR) is one of the global market leaders in infrared and thermal imaging cameras as well as night vision devices. The company’s products play an important role in a diverse range of industrial, commercial and governmental areas (air force, marines, army, police, border security, shipping industry, medicine, automation, mechanics and electrics).
On the July 27th 2016, FLIR will publish the new quarterly figures. If we take a look at the weekly chart, we can see a very young uptrend that is currently starting a new movement from out of the green correction zone. If the numbers turn out positive, the trend will probably continue. However, if the expectations are not met, the price will most likely fall back considerably.
Daily chart:
The danger of a setback becomes very clear in the daily chart. Here we see a very young downtrend that currently finds itself in the middle of its correction zone. If one applies the principles of Charles Dow, then this area here is what is called the accumulation phase, in which experienced traders start to join in.
Obviously one should wait for the results of the quarterly report, and only then position oneself. In principle, however, it can be determined that with a stop above the red box, one can speculate on a trend continuation in the southern direction.
Hourly chart:
At the moment, we can see rising prices, meaning that we are drawing closer to the upper limit of the red correction zone. However, as long as the closing price does not surpass this zone, the short-term chances remain to be found on the underside. With a tight stop above the red box, one can speculate on the trend continuation. The target is located at the last point in the area of €29.-.
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