UPS Price Action
- UPS dropped sharply with a big gap down, followed by heavy selling.
- Price is now consolidating near $82–$84, forming a possible falling wedge (bullish) or descending triangle (bearish).
Support & Resistance
- Key support: $82
- Resistance: $88–$90 (prior consolidation zone)
RSI (Relative Strength Index)
- RSI (14) shows bullish divergence: higher lows while price made lower lows
- Suggests potential upside momentum or a short-term bounce
MACD (Moving Average Convergence Divergence)
- Histogram flattening and trending upward
- Signal lines converging, hinting at a possible bullish crossover
Overall Setup
- UPS is at a potential reversal zone after an oversold move!
- Holding above $82 could trigger a bounce toward $88–$90!
- A breakdown below $82 with volume may open downside to $78!
Note
UPS $90 CALL 12/19 @2.90 
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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.