NYSE:UPS   United Parcel Service, Inc
  • UPS has been coiling up within a symmetrical triangle after a earnings gap and go which has made it leave a few liquidity gaps below.

  • Will most likely have trouble finding any buyers up higher and we can see the momentum is fading via bearish MacD crossover on the daily.

  • Bear case, UPS goes hunting for liquidity at a lower demand zone before making a new high.

-Daniel Betancourt, OptionsSwing Analyst
Trade active: Target #1 hit, UPS is now bear flagging. Expecting a breakdown to provide a gap fill down below.