Potticus

Potticus

Our Squeeze indicator is showing a bullish move coming. Our EMA's are lined up. Price last closed above our top descending trendline. All evidence is pointing towards a bullish movement coming up. If price breaks the current downtrend and continues our larger uptrend, we should see a price move to $100. I expect a rapid move to $120 soon after that.

Potticus

IF price respects the current trend going into tomorrow (1/26/21) , we should see some bullish movement as we are currently at the bottom of the dip. $183 or even $180 (to play it safe) would be my price target if I enter a Long position.

Potticus

Now that price has broken through the 143.20 resistance level, I am looking for a retest. If that resistance becomes a support level, that's a good confirmation and I will consider entering a long position.

Potticus

We see a pennant form on the 1 hour chart. Price may continue to push through that $26.20 level, but it is fair to expect a rejection when price nears that upper trendline. If If price respects the upper trendline and becomes bearish, my next step would be to wait for a retest of the upper trendline or a retest of that $26.20 level to enter a short position with...

Potticus

After observation, we see price movement repeating itself. If we look back at late September / early October, price respects the same support/resistance levels we see price respecting right now (highlighted rectangles). $123 then $136 would be strong target points if you are going long.

Potticus Updated 

We could see some shorting opportunities with the quadruple witching coming up, it seems all of nasdaq is bearish. If price continues to drop, our next support will be the $61.70 level. If our $61.70 support level holds we could see a little back and forth between those key levels as price tries to retest. We could even see price break $61.70 and test the next...

Potticus

$UPS. Price took a dip today and found support around that 163.70 level. Next resistance on the way back up looks to be around 167.20 if our support level holds. Price could very well push past our 163.70 resistance level, in which case I would ride it out and trail stop loss, however this is a day trade idea so I would claim profits if we see price bounce from...