- UPS has been coiling up within a symmetrical triangle after a earnings gap and go which has made it leave a few liquidity gaps below.
- Will most likely have trouble finding any buyers up higher and we can see the momentum is fading via bearish MacD crossover on the daily.
- Bear case, UPS goes hunting for liquidity at a lower demand zone before making a new high.
-Daniel Betancourt, OptionsSwing Analyst
Trade active
Target #1 hit, UPS is now bear flagging. Expecting a breakdown to provide a gap fill down below.
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Education first, profits second.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.