All time highs for UPS?

6 gru 2020

As we quickly approach the holiday season, even in a pandemic, UPS is swamped with deliveries, so much so that they have to put a shipping cap on numerous companies such as Nike and Gap. Can this be the catalyst to put this stock back above the ATH? It sure seems like it. Combined with good catalyst mentioned above and a symmetrical wedge forming, we can see a strong breakout coming soon for UPS. The first test I would like to see is 178, followed by a 1.272 fib target at 183.98. These targets also have other support and resistance levels, noted in pink on the chart, before reaching these levels. Solid volume along with a hold above the trendline makes for a fantastic opportunity with this stock. Contract suggestion: 1/15/21 170 calls, last recorded price at $5.50, 6,000+ OI. The stop will be placed at the break and hold of the lower purple trendline.