PtahX
Short

UPS Overbought

NYSE:UPS   UNITED PARCEL SERVICE INC
Ups Overbought in a big way, it's currently testing the ATH but we are seeing a drop in volume . MACD histogram at a peak and stoch is overbought. I am biased on the bearish side for the short term - Targets Listed

Comments

oh man... not sure I would short in this market no mater the TA, things are going crazy to the upside for no reason.
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PtahX SandyAristo
@SandyAristo, No question the countertrend plays don't leave much room for error and are not for the feint of heart. The R/R is 6:1 if it moves to all targets and the short interest is only 2% at this point so the probability of a short squeeze (right now) is low and the reward is worth the potential loss in my mind :)
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