Monday, February 6, 2023 8:21 AM EST
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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 trading results are no guarantee of future returns. Some investments are inherently more risky than others. At worst, you could lose your entire investment and more TradingLounge™ uses a range of technical analysis tools, such as Elliott Wave, software and basic fundamental analysis as well as economic forecasts aimed at minimising the potential for loss. The advice we provide through our TradingLounge™ websites and our TradingLounge™ Membership has been prepared without taking into account your particular objectives, financial situation or needs. Reliance on such advice, information or data is at your own risk. The decision to trade and the method of trading is for you alone to decide, tradinglounge takes no responsibility whatsoever for your trading profits or losses. This information is of a general nature only, so you should, before acting upon any of the information or advice provided by us, consider the appropriateness of the advice in light of your own objectives, financial situation or needs. Therefore, you should consult your financial advisor or accountant to determine whether trading in Indices Stocks shares Forex CFDs Options Spread Betting derivatives of any kind / products is appropriate for you in light of your financial trading circumstances.
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