Elliott Wave Technical Analysis: United Parcel Service Inc.
Photo by Kanchanara on Unsplash
United Parcel Service Inc., Elliott Wave Technical Analysis
United Parcel Service Inc.,(NYSE: UPS): Daily Chart, August 25, 2022,
UPS Stock Market Analysis: Moving as expected, this pullback should be just another buying opportunity. We should have a sideways correction as it has to alternate with wave 2 of the same degree which was a sharp move to the downside.
UPS Elliott Wave count: a of 4.
UPS Trading Strategy: Waiting for further consolidation into wave 4
UPS Technical Indicators: Above all averages and moving towards the 20 EMA which could act as support.
Analyst: Alessio Barretta
United Parcel Service Inc., UPS: 4-hour Chart, August 25, 2022,
United Parcel Service Inc., Elliott Wave Technical Analysis
UPS Stock Market Analysis: Looking for further downside to complete wave 4. Wave a of 4 could be nearly completed.
UPS Elliott Wave count: Wave a of 4.
UPS Technical Indicators: We just moved past the 20 EMA, looking for a bounce soon.
UPS Trading Strategy: Looking for at least a three-wave move to start building longs into wave 5 of iii.
More By This Author:
Elliott Wave Technical Analysis: Broadcom Inc.
Commodity Markets: Natural Gas, Gold, Silver, Iron Ore, Crude Oil, Copper
Bitcoin: The Bearish Elliott Wave Count
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 ...
more