UPS eyes on 158.10 above and 150.74 below, into earnings report

UPS is hugging the underside of a major fib.
Today after-hours will be an earnings release.
What happens here could mark a turning point.

See if breaks above 158.10 or drops to 150.74.
Highly enthusiastic target above is around $170
Very bad news like FDX might target $139 below.

(Drag DOWN on the price scale to see above/below)

I have no idea of the fundamentals of this corp.
I am presenting only the current technical stance.
Hopefully you know/own UPS and find this helpful.

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Comment:

Plop! Fell thru our first fib, to the next one below

stopped the drop 9for now) but no real bounce yet.
We may well fall thru to my target of $139

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Comment:

That fib iso trying to hold with a possible double bottom

Zoom in (30s) on the bounce and adding a fib

bounce wave might have finished at the 3.618,
although the 4.236 is the most common wave ender.

Still looking lower at this time.

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Comment:

$139 it is, as mentioned, for bear target

and nice bounce off it.

Zoom IN (1min) and we see a PERFECT fib-to-fib move

Perfect entry, perfect exit, NO drawdown.

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