UPS trade ideas
UPS Approaching Resistance, Potential Reversal!UPS is approaching its resistance at 103.882 (100% Fiboancci extension, 50% & 38.2% Fibonacci retracement, horizontal overlap resistance) where we expect to see a reversal to its support at 96.91
Stochastic is approaching resistance at 95% as well where a corresponding reversal could occur.
Selling UPS sharesOn the daily chart of UPS shares, the instrument is moving in a steady bearish trend. The Subwave structure shows us that the 5th wave should take place. Thus, I`m going short on the bearish push signal breakdown. Trade levels are displayed on the chart.
Read the rulesRules:
Believe that anything can happen - so stay neutral.
Always define your stop loss. Trade with your own risk.
We trade only when price action shows a "reversal pattern" within our predefined zones = "Trend + Zone + Reversal".
This reversal pattern typically will be seen on a minute chart.
Be patient.
Good luck.
(Will "try" to update if in trade).
UPS potential good shorting opportunityIF this chart pattern plays out it represents a v good short trade opportunity.
Testing 2009 uptrendline and forming a nice looking H+S Top.
Elliott Waves look like an impulse 1-2 and i-i so could be about to go down in a iii of 3 scenario.
Would look to short here with stop above recent wave 2 high or above top right hand shoulder. Target is a lot lower (possible for at least 5:1 r/r over coming weeks/months).
Huge uptrend from UPS or nearest punch from Bears?Potencial short bull trend to the 5 wave with nearest end of first big wave
if the Bull trend cant the beat this peak - 116$-120$, we may to see a long Bear run
in real, i vote 70 vs 30 for nearest Bear around 116$-118$
UPSThis stock has been on an uptrend for a couple years and constantly breaking new highs, it has finally pulled back a large amount and could be preparing to make a new all time high. It could reach resistance then fly up.
Next stop for UPS is 120UPS is in an uptrend since the beginning of May. It should continue higher towards 120 and maybe reach 127.
UPS - making the correction waveThe UPS stock seems it reached it's peak price mid January 2018. Now it is the correction phase. From technical indicators; RSI, Momentum & MACD showing a slow down in price movement. Expect down trend in the coming weeks. First Target to 105
Here's when I'll buy UPSI've wanted in UPS for a while but refused to chase the move higher. Now that we're getting some weakness, I'm eyeing this name for a long-term investment. I'll be a buyer on a test of the breakout level/50% retracement at $86.5. Shorter-term, I expect continued weakness, so there's no need to rush in to this one!
update on upsvery tight in here on the daily chart today but, ended with a green hammer. Can we see some action before Good Friday? I would like to see something that would be something to talk about
UPSCan UPS pull through? Ended with a daily hammer still being a pig. I like FedEx more Go check that out!
Bounce off $108 resistance, targets $104 supportReally clean bounce lower off $108 resistance level suggests continuation lower towards the $104 support level. Use options to limit your risk by using puts and put verticals.
Start your Free 30 Day Trial to our revolutionary platform for researching stocks and visualizing your next OptionsPlay!
soo many reasons $UPS ripe at these levels.1.) Sitting on long term trend #support which led uptrend since 09'.
2.) stock is down 24% in a month???
3.) Gap lower could get filled and set-up a right shoulder of a #HeadnShoulderpattern
4.) well ok I gave u 2 in 3.
UPS Oversold with Structure Support Possible 6-11% OpptyUnited Parcel Service UPS is oversold and extended below the moving averages. Buying opportunity with a possible 6-11% targets.
Keep an eye on UPS for a bullish playUPS 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.
