After a big rallye (ABC) the price realizes a double top, breakout on the neckline, test on the same line and straight down. Possible target 95$ level, 6,5% gain.
On the weekly, this looks like an interesting retest of this long term trendline
$94.41 would be the neck line in this case. I believe UPS will come up and retest that level. If UPS fails or gaps down on earnings, I think the longer term perspective at this point would be bearish. "I't s a LONG pattern, and I prefer the pattern to be months and not years but it makes one 'wonder'.
1/8/15 Looks like UPS broke a HUGE support and distribution phase. I exited (BTC) the sold put for a small loss. Watch UPS for a bigger retest and if it happens, and you short, simply place a stop and have good R:R, follow your plan.
Strong Weekly Englufing Pattern. Additionally, MFI indicates a Bullish Divergence. It is showing continued underlying strength
Broke above trend line. Ready to move up if bulls want it bad enough from ER.
Bear call spread on UPS. Glorious gap. Previous retest gap occurred and did not fill all the way. This is a nice gap and go. If UPS continues lower, one could look to day trade or swing trade the bearish move. Could be pretty quick. ULTIMATE target would be $95
(Note: DOWT is no longer in a bear market after rallying the last two weeks) 2015 was suppose to be just another year of the epic bull market created by reckless central banking policies. Some Wall Street estimates for the S&P 500 were as high as 2,300. Me? I projected a contraction to 1,810 in mid-January. Whether or not the SPX will reach my target within the...
For months now, we have had murmurings of an imminent rate hike by the US Fed, then a period of poor data is released, then it is pushed back, and repeat, repeat... I have some cause for concern for the US, in fact. Note the chart above of the UPS stock price vs the Dow Jones Industrial Average. Considering transportation and delivery etc are an extremely good...
longer term bullish, strong support around $94.00 Buy and Hold.
UPS - retest gap. Black candle from yesterday. Gapping down. Wait 30 mins or so for the retest and failure of the EMA"S.
UPS expected to open at 104.35 for a Perfect Gap N Go. To learn to trade this strategy for free, go to www.RealLifeTrading.com
UPS gaps down today into the daily unfilled gap and major demand. This kind of gaps are one of the best type of gaps to trade as this very often invite retall traders to add to the initial direction from the gap and is selling into objective high risk demand levels where price action has earlier shown an unbalance in supply and demand. This is a typical mean...