UPAB trade ideas
UPSSetting this Macro Potential play till AUG 3 I will be looking at what happens till June 29 if we run up till then, then I will be lookin at July 17 Opportunities to catch the next trend. Trying to see if this Diamond Double Curve Setup will play out to the run up potential to 193-195 at the end of this pattern frame. The spike up could come initially so thats something to watch for then a long down drip. THis is my notes not financial advice but if you do like my thoughts drop your boy a boost and cheers. 1LoV3
UPS taking profitsNYSE:UPS is up 2% today. It has hit my expected resistance so I have decided to take profits.
As shown in the 3-day chart, we have good momentum to the upside but the volume oscillator is trending down.
Note this is not bearish by any means, it only suggests that price action may be capped in the near term.
The 3 day chart is presented here based on my own back testing. I have observed that the 1 and 3 day volume tend to give more reliable predictions on trend continuations or reversals.
$UPS Q2 Earnings: Key Levels & Targets 🎯 NYSE:UPS gears up for Q2 earnings tomorrow morning 📈:
Completed a 2-2-2u reversal after bouncing off the 9EMA on Friday 📊
Near a wedge breakout & bearish gap fill 🧐
🔺 Calls: Trigger over $197.55
Targets: $199.55, HKEX:201 , HKEX:205
🔻 Puts: Trigger under $194.70
Targets: $192.87, $188.70, $186.55
💸 Market expects a HKEX:9 move. Trade wisely!
Trading Idea 031: UPSMarket Conditions:
- bullish trend
- possible false breakout / reversal
- bullish sentiment in the market
Key Level and Lines:
- $191.60 resistance
Trading Ideas:
- go short using a false breakout / reversal signal from the resistance
- go long if the price moves above the resistance and consolidates above for a few days.
UPS - BULLISH SCENARIOUPS is scheduled to report fourth-quarter 2022 results on Jan 31, before the market opens.
The company has an impressive earnings surprise history.
UPS is expected to post earnings of $3.59 per share for the current quarter, indicating no change from the year-ago quarter.
The revenue forecast is $28.13 B.
The first target is located at the $210 local resistance level.
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UPSA good opportunity to long position and get a good profit from the attractive American stock market
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UPS- Continuation of stage 4 decline?Dear all,
In a weak market, I look for stage 4 breakouts and continuation pattersn (based on the famous Stan Weinstein).
I try to look for bear flags that fall together with downsloping 50 day sma (or at least very close, a few %s).
This is the case for UPS.
After a last few good months for UPS, a possible bear flag is forming that coincides with a support/resisistance level and a downsloping 50d sma.
The AVWAP of the latest High and Low are also above the current price, giving extra pressure for a downturn (since the sellers are in control).
Things to consider for a stage 4:
- declining 30 week Ma :check
- declining 10 week Ma :check
- 10 w underneath 30w :check
- Loss of trendline :TBA
I will open some puts (3 months out) when the price breaks $173.3 or the striped support line.
Possible stop loss could be the 50d SMA or the AVWAP of the low.