Hello everyone!
UPS has been in a downtrend for a long time however recently the price created the first higher low which might be the sign of the trend reversal. We are expecting a small pullback to retest previous resistance and confirm it as a support. Long position can be taken at the retest and the target would be on the next horizontal resistance. Target for longs is at 156 dollars.
Do you agree?
UPS has been in a downtrend for a long time however recently the price created the first higher low which might be the sign of the trend reversal. We are expecting a small pullback to retest previous resistance and confirm it as a support. Long position can be taken at the retest and the target would be on the next horizontal resistance. Target for longs is at 156 dollars.
Do you agree?
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