Elliott Wave Technical Analysis: United Parcel Service Inc. - Wednesday, Jan. 25

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United Parcel Service Inc., Elliott Wave Technical Analysis

United Parcel Service Inc., (NYSE: UPS): Daily Chart, 25 January 23,

UPS Stock Market Analysis: The big dump on the daily chart isn’t actually real, therefore everything is moving as expected and we are actually expecting a downside into wave c of (b).

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

UPS Technical Indicators: 200EMA acting as resistance

UPS Trading Strategy: We can look for shorts right now with a stop above wave a of the triangle represented by the red line.

Analyst: Alessio Barretta

United Parcel Service Inc., UPS: 4-hour Chart, 25 January 2023

United Parcel ServiceInc., Elliott Wave Technical AnalysisUPS Stock Market Analysis: It looks like we are in wave e of the triangle in wave b. Looking for a downside.

UPS Elliott Wave count:  Wave of b.

UPS Technical Indicators: averages acting as resistance

UPS Trading Strategy: Looking for shorts with stop and entry point represented by the red and blue lines.


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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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