Weekly chart of UPS
UPS in the third impulse wave of its Corrective Wave (red coloured wave). However, we are only half-way into the third impulse corrective wave.
UPS had a support at 155 level, which it lost yesterday.
UPS is below 50 and 200 SMAs.
During the third impulse wave of the Motive Wave (green coloured wave), UPS made a large gap from 125 to 135. There is a support just below this region. That's where UPS is likely to stop its current downtrend.
UPS in the third impulse wave of its Corrective Wave (red coloured wave). However, we are only half-way into the third impulse corrective wave.
UPS had a support at 155 level, which it lost yesterday.
UPS is below 50 and 200 SMAs.
During the third impulse wave of the Motive Wave (green coloured wave), UPS made a large gap from 125 to 135. There is a support just below this region. That's where UPS is likely to stop its current downtrend.