Im going to call UPS as a short right now.Calling it folks. in puts now @170.. UPS cannot go much higher than this.
Oil prices @ all time lows.
No more stimulus checks,,
When oil prices go back up @ all the mailman using so much gas
& Now without the stimulus check coming, People will be buying & Sending less packages.
Peace.! Ups will be another good buy when it dips to a low 100-120 area again. till then i wouldnt touch this
UPS trade ideas
UPS BULLFLAG PT $178UPS just formed a Bull flag that if broken to the top should propel the stock to around $178. I do see the possibility of this consolidation to the lower end of the channel which would be $155. If that is broken, we can definitely see UPS work its way down the engulfing candle and find support with a bounce around $145. There is also a MASSIVE gap that needs to be filled around $124 and 134. Manage risk
Calling the top in the shipping industry (UPS, FedEx, STMP) In this video I've shown 3 independent forms of technical analysis that make a strong case that the top is already in for these 3 stocks ! In general, I'm bearish the overall market so wouldn't be surprised to see these correct significantly.
Let me know what you guys think ! Always open to comments and critiques.