UPS is trading right down to the 200 day SMA on the daily time frame. Look to play the bounce on shorter term trades.
I am looking to go long after we consolidate a week or two between the $112-$113 area with some longer term options.
Here is the weekly chart below. The 100 day SMA is also approaching the green box :)
If the trade doesn't work off the 100 day SMA, I will try the 200 day SMA on the weekly time frame.
I am looking to go long after we consolidate a week or two between the $112-$113 area with some longer term options.
Here is the weekly chart below. The 100 day SMA is also approaching the green box :)
If the trade doesn't work off the 100 day SMA, I will try the 200 day SMA on the weekly time frame.
Note
Will continue to watch for a bounce off the 100 day SMA on weekly time frame. If not, we are probably going back to the 200 day SMA on weekly time frame or the support at $102.62.Note
Should have played a bracket trade on February 7th's candle :D
Buy higher and sell higher, and manage your risk to make more than you lose!!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Buy higher and sell higher, and manage your risk to make more than you lose!!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.