UPS over 168.29$FDX has been testing ATH and UPS has been consolidating... Could be time for this to get moving.
UPS trade ideas
All time highs for UPS?As we quickly approach the holiday season, even in a pandemic, UPS is swamped with deliveries, so much so that they have to put a shipping cap on numerous companies such as Nike and Gap. Can this be the catalyst to put this stock back above the ATH? It sure seems like it. Combined with good catalyst mentioned above and a symmetrical wedge forming, we can see a strong breakout coming soon for UPS. The first test I would like to see is 178, followed by a 1.272 fib target at 183.98. These targets also have other support and resistance levels, noted in pink on the chart, before reaching these levels. Solid volume along with a hold above the trendline makes for a fantastic opportunity with this stock. Contract suggestion: 1/15/21 170 calls, last recorded price at $5.50, 6,000+ OI. The stop will be placed at the break and hold of the lower purple trendline.
UPS Buy PossibilityUPs has been on a monster roll throughout the pandemic and is current;y trading in this channel. Holiday season is approaching and UPS will play a role in how vaccines are shipped around the country. I am currently looking for buys and see a possible setup for tomorrow.
I would like to see Price action as UPS approaches its 50EMA on the 4HR chart. I like the RR of this trade.
Possibilities:
If UPS gaps up I may not enter the trade depending on how far it is from entry. Will wait for retest of key level.
If it gaps down I will wait for price action to cross my demand area upwards.
Exit: I will abandon this trade if it breaks and hold below the 50EMA on higher time frame.
*This is not financial advice. I am not a advisor.
UPS RetracementHello traders!
Entered a sell at resistance point.
Falling nicely under VWAP.
Waiting for a break of 50EMA for more aggressive entry (I'm already in short)
Although I'm bullish longterm (Especially with holiday season around the corner) I am looking for a retracement here.
Will be looking for buys at the green box. (Gap to fill area)
I like the confluence of the Fib levels with support.
This is not financial advice. Share your thoughts with me <3
UPS - Elliottwave analysis - Bear case UPS - It has completed impulse cycle from major bottom in 4 hr time frame and starts correcting the same. The C wave down expected from current level, so sell near 168-170 with stop level above 171.48 for target below 150 level as C wave.
Give thumbs up if you really like the trade idea.
Can United Parcel Keep Delivering? United Parcel Service has been one of the bullish surprises of 2020 and the coronavirus pandemic. New CEO Carol Tome has shaken up the once-dull shipping company with a major focus on profitability, launching its share to new all-time highs in July.
The last earnings report on October 28 was also strong. However, investors had “bought the rumor” beforehand and “sold the news” after.
That landed UPS back near the bottom of its September range. Two sessions later it made a slightly higher low before starting to bounce.
The price action resulted in a tight ascending triangle. The stock has also managed to claw back above its 50-day simple moving average (SMA) and had a bullish outside candle yesterday.
Given the excitement about its new direction, plus e-commerce tailwinds into the holidays, trend followers may return to UPS after this pullback.
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