Dark Cloud Cover Visible On The Monthly: $UPS

NYSE:UPS   United Parcel Service, Inc
UPS has a Textbook: Dark Cloud Cover; Visible on the Monthly Timeframe after a Failed Bullish Breakout.
The MACD has been Extended to the Positive side for a long while and now soon looks to rollover to the Negative side and Cross Bearishly. The RSI has also been looking suspiciously exhausted at these levels.

If I'm to place a trade on this I would buy quarterly puts and bet on UPS at least testing the previous resistance of 170 as new support but at worst i can expect it to decline hard all the way to fill the open gap still Visible on the Monthly at $108.31

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.