The PEAD projected a Bullish outlook for $UPS after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 75%.
My recent experience with those global package delivery companies was extremely painful. The have raised their prices a lot, on some occasions you pay the same price to send something to another country than taking the trip yourself and deliver that package in person.
So i have tried to avoid UPS, like many of you, and go for smaller unknown companies. I think...
I just love these stocks that make an obvious hint for a drop in an otherwise bearish market. Going with the flow is always easier in general trend. Imagine swimming in a river and going against the current. Same with the market. Putting a long in this current general environment is extra risky.
We are not in the business of getting every prediction right, no...
So recently over the course of many months. I have been following a different asset called Mercado Libre, and over there we are going through the maturity process of the whole Bullish Bat hormonic and... while eye balling this I saw potential for one to form. Keep in mind the "Grey" triangle to the right is simply a basic "Guide" of maybe more or less the prices...
Neutral until Neckline is broken.
Price is hanging on the neckline of the prior Head & Shoulders pattern. Price slid under the neckline in the last few trading days but is hanging on for now.
This last run to the upside did not come close to the right shoulder.
This can be an ominous signal but not always.
If price breaks the neckline, the hump in the crooked...
NYSE:UPS Triggered a spike alert this morning which is happening at the 50% Retracement of the Post Earnings Rally. (see below for Daily higher timeframe context)
These are the real "earnings plays" that can yield positive returns rather than trying to buy a guess on the day before. Trying to buy or sell the day before earnings is a guess but very often...
We have completed a very harmonious, symmetrical ascending triangle on UPS. And as we know a weak impulse or a corrective pattern always follows a triangle.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation...
Breaking out from a 3 month base. Buy the breakout now with a pilot position or wait for a minor technical pullback.
You don't need to know what's going to happen next to make money ~Mark Douglas
Lose like a pro and keep trading, or lose like a novice and quit ~Mark Ritchie
Obviously overall market conditions will have a part to play in this trade. Relative Strength Index showing divergence on the daily indicating that a bullish reversal may be coming. Horizontal weekly support and channel support there to help the situation. MACD showing signs that it could turn positive soon, definitely one to watch. Will be looking for an entry on...
-Below 169.55 is the confirmation for the break in which will give us confirmation for puts
-BIG rejection candle off the 100 ema
- first target is 165.81 then 159.48 (200 ema)
-Wait for confirmation before entry 1-2 30 min candles before entry
