Elliott Wave Technical Analysis: United Parcel Service Inc. - Monday, Feb. 6

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United Parcel Service Inc., Elliott Wave Technical Analysis

United Parcel Service Inc., (NYSE: UPS): Daily Chart, 6 February 2023.

UPS Stock Market Analysis: Looking for further upside into wave {b}, we wouldn’t want to see a wave (b) of {a} to be broken but act as resistance.

UPS Elliott Wave Count: Wave (c) of {b}.

UPS Technical Indicators: Above all averages.

UPS Trading Strategy: Looking for an end of wave {b} to then look for shorts. 

Analyst: Alessio Barretta

United Parcel Service Inc., UPS: 4-hour Chart, 6 February 2023.

United Parcel Service Inc., Elliott Wave Technical AnalysisUPS Stock Market Analysis: It looks like that after the triangle in wave (b), we are now in wave iii of (c). We could look for short-term longs on the pullback in wave iv. 

UPS Elliott Wave count: wave 4 of iii.

UPS Technical Indicators: Above all averages.

UPS Trading Strategy: Looking for a pullback in wave iv to enter long.


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Disclosure: As with any trading or investment opportunity there is a risk of making losses especially in day trading or investments that Trading Lounge expresses opinions on. Note: Historical ...

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