Nov. 13 at 1:06 AM
$UPS Trade Plan:
Market Context:
$UPS is currently trading at
$95.32, exhibiting a strong upward trend with a recent high of
$100.57 within the last 60 days. The RSI at 65.95 indicates bullish momentum but is approaching overbought territory, suggesting caution.
Directional Bias: The stock is above its 30-day moving average (MA30) of 89.2 and 50-day moving average (MA50) of 87.24, indicating a strong bullish trend. However, the RSI's proximity to overbought levels suggests potential for a pullback.
Suggested Entry: Consider entering a long position at
$95.00 to capitalize on potential upward movement while maintaining a favorable risk-reward ratio.
Stop: Set a stop loss at
$92.00, just below recent support levels.
Targets:
1. First target at
$98.00, near the psychological level and recent resistance.
2. Second target at
$100.00, approaching the 60D high.
Monitor the market closely for any changes in momentum.
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