Updated

UPS eyes on 158.10 above and 150.74 below, into earnings report

UPS is hugging the underside of a major fib.
Today after-hours will be an earnings release.
What happens here could mark a turning point.

See if breaks above 158.10 or drops to 150.74.
Highly enthusiastic target above is around $170
Very bad news like FDX might target $139 below.

(Drag DOWN on the price scale to see above/below)

I have no idea of the fundamentals of this corp.
I am presenting only the current technical stance.
Hopefully you know/own UPS and find this helpful.

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Note

Plop! Fell thru our first fib, to the next one below

stopped the drop 9for now) but no real bounce yet.
We may well fall thru to my target of $139

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Note

That fib iso trying to hold with a possible double bottom

Zoom in (30s) on the bounce and adding a fib

bounce wave might have finished at the 3.618,
although the 4.236 is the most common wave ender.

Still looking lower at this time.

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Note

$139 it is, as mentioned, for bear target

and nice bounce off it.

Zoom IN (1min) and we see a PERFECT fib-to-fib move

Perfect entry, perfect exit, NO drawdown.

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EuroMotif

the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag

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EuroMotif

the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag