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United Parcel Service Inc., Elliott Wave Technical Analysis

United Parcel Service Inc., (NYSE: UPS): Daily Chart, 4 May 2023.

UPS Stock Market Analysis: Looking for further downside after what appears to be a three wave move to the upside into wave {v}. Looking for the completion of wave (ii) to then start looking for shorts.

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

UPS Technical Indicators: Below all averages.

UPS Trading Strategy: Looking another leg higher into wave (ii) before considering shorts.

Analyst: Alessio Barretta

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

United Parcel Service Inc., Elliott Wave Technical Analysis

UPS Stock Market Analysis: Looking for another leg higher into wave c of (ii) to have an ideal three wave move into wave (ii) to then look for shorts.

UPS Elliott Wave count: Wave b of (ii).

UPS Technical Indicators: Below all averages.

UPS Trading Strategy: Looking another leg higher into wave (ii) before considering shorts.

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