No predefined Pattern per se, but price action is looking Bullish. Entered a position at $147.59 looking to add on the way up to $166.57 at which point I will apply a Stop Loss and increase incrementally depending on the overall price action.
To determine Fibonacci retracement levels:
Identify the Recent Range: You need to identify the most recent significant peak and trough on the stock's chart.
Draw the Levels: Using those two points, you draw horizontal lines to indicate where potential support and resistance levels should be. These are based on key ratios identified by Fibonacci which are: 23.6%,...
Nice head and Shoulders on the United Parcel Service
#UPS and FEDEX are the new dow transport indicator.
An underlying determinant of how the consumer is faring
Since the US is a consumer economy and Online shopping is the majority of retail
if we see new highs on the Indicies, and the home delivery carriers continue to deteriorate
it would give your non...
This triangle has broken to the downside.
Close to a support level.
Engulfing candle/bearish today but needs a 3rd candle for confirmation.
NO RECOMMENDATION
Trading at key support level. Watch for a bounce and pull back to the inverse fair value gap for long entry. Consecutive closing below support- close position!
PS- Not financial advice. Do your own due diligence.
United Parcel Service Inc. (UPS) having previously closed below key support, showing potential weakness.
However, there is significant support below present price levels.
Holding above secondary support, (UPS) is susceptible to recovery over the months ahead.
A weekly settlement above near-term resistance would place (UPS) in a buy signal where gains of 20%...
I was looking into UPS as a possible investment, and wanted to get a price, but after looking at the chart, I'm not sure it's worth it. There seems to be a lot of potential downside, including a pretty sizeable gap around $120.
With almost everyone telling me the market is going to crash, I'm thinking we won't see it crash just yet, which does allow for some...
Weekly chart of UPS
UPS in the third impulse wave of its Corrective Wave (red coloured wave). However, we are only half-way into the third impulse corrective wave.
UPS had a support at 155 level, which it lost yesterday.
UPS is below 50 and 200 SMAs.
During the third impulse wave of the Motive Wave (green coloured wave), UPS made a large gap from 125 to...
It's crazy how a few candles can completely change the look of a chart. Just a reminder to always keep an open mind. This chart had great potential but now looks horrible imo. Head & shoulders neckline is $155. I have a target of $80 if it breaks which would put price right around the c0vid lows.
Overall the metrics are looking bearish in this chart but the formation which we're forming could be identified as double-bottom.
If the FED isn't sending the stockmarket in the basement, I stay bullish in this stock.
Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 162/61.80%
Chart time frame : C
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : B
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance....
The UPS price action has confirmed a Lower High Bearish Consolidation Structure below the macro Demand Line has basically done so via a secondary Head and Shoulders with PPO Confirmation thereby confirming a Bearish BAMM that will likely take us down to the 88.6% retrace at $90
Labor Relations and Employee Concerns:
A recent article by UPS employee and bargaining committee member, Jill Dunson in Newsweek, discusses the UPS contract.
Many workers have issues with the contract, specifically over starting wages, wage hikes, working conditions, and pension contributions.
UPS has settled with the International Brotherhood of Teamsters,...
Sell of since last earnings here.
Landed on weekly trendline support along with weekly 200sma which it hasn't broken since covid 2020.
Money flow went oversold here also.
Looking for a bounce back to resistance at 190.
My first target for taking profit is 180 or daily 200sma
Analyzing the options chain and the chart patterns of UPS United Parcel Service prior to the earnings report this week,
I would consider purchasing the 170usd strike price Puts with
an expiration date of 2024-1-19,
for a premium of approximately $7.35.
If these options prove to be profitable prior to the earnings release, I would sell at least half of...
