Nov. 14 at 3:00 AM
$UPS Trade Plan:
Market Context: The last close at
$95.97 is above the 30-day moving average (MA30) of
$89.93 and the 50-day moving average (MA50) of
$87.68, indicating a bullish trend. The RSI at 66.42 suggests that the stock is nearing overbought territory, which may lead to a pullback. However, it remains below the overbought threshold of 70, allowing for potential upward movement.
Directional Bias: The recent high of
$100.57 presents a resistance level, while the low of
$82.00 provides a strong support base. Given the current price is closer to the recent high, a cautious bullish bias is warranted.
Suggested Entry: Consider entering a long position around
$95.00.
Stop: Place a stop-loss at
$92.50 to manage risk.
Targets: Set the first target at
$98.00, with a secondary target at
$100.00, aligning with the recent high.
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