Upslong
UPS: BULLISH SIGNALSUPS price is moving up and it is likely to test the resistance level in the next days! This thought is highly supported by two indicators:
- MACD(12,26,9) -> MACD line > Signal line
- RSI 14 shows no indication of overbought conditions
High probability that a breakout will take place. However, my suggestion is to wait for the price to come back and test the resistance to ensure the resistance has become a support in order to avoid false breakout.
Be aware of a possible bounce back to the previous support! In that case GO SHORT.
Not a financial advise.
Enjoy your trade!
UPS approaching resistance, potential drop! UPS is approaching our first resistancce at 111.51 (horizotnal swing high resistance, 78.6% fibonacci retracement, 61.8% fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 103.68 (horizontal pullback support, 38.2% fiboancci retracement).
Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price.