The purchase of shares of United Parcel Service is hedged by the sale of Mastercard.
Purchase of shares of United Parcel Service (#UPS). American cargo carrier, a logistics company.
On the weekly scale chart, the price is fixed above the balance and MACD indicator lines. The Marlin oscillator also looks fixed above its own zero line. It is in the zone of a growing trend. The growth target is the Fibonacci level of 161.8% at the price of 235.85.
On the daily scale chart, the price visually looks like it has completed a correction after rising since October 4. Confirmation of this view will be the reversal of the signal line of the Marlin oscillator with an exit to the zone of positive values. This will happen if the market opens with an increase.
Sale of shares of Mastercard (#MA). Transnational payment system.
On the weekly scale chart, the signal line of the Marlin oscillator turns down from the neutral zero line. The price falls violently after the previous false exit over the balance indicator line. A promising target is the Fibonacci level of 223.6% at the price of 298.60.
On the daily chart, the price went under the MACD indicator line (blue). Marlin penetrated the downward trend zone. The technical situation suggests a further decline in the price of this stock.