UPS eyes on 158.10 above and 150.74 below, into earnings report

Zaktualizowano
UPS is hugging the underside of a major fib.
Today after-hours will be an earnings release.
What happens here could mark a turning point.

See if breaks above 158.10 or drops to 150.74.
Highly enthusiastic target above is around $170
Very bad news like FDX might target $139 below.

(Drag DOWN on the price scale to see above/below)

I have no idea of the fundamentals of this corp.
I am presenting only the current technical stance.
Hopefully you know/own UPS and find this helpful.

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Uwaga
Plop! Fell thru our first fib, to the next one below snapshot stopped the drop 9for now) but no real bounce yet.
We may well fall thru to my target of $139

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Uwaga
That fib iso trying to hold with a possible double bottom snapshot



Zoom in (30s) on the bounce and adding a fib
snapshot
bounce wave might have finished at the 3.618,
although the 4.236 is the most common wave ender.

Still looking lower at this time.

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Uwaga
$139 it is, as mentioned, for bear target snapshot and nice bounce off it.

Zoom IN (1min) and we see a PERFECT fib-to-fib move snapshot Perfect entry, perfect exit, NO drawdown.

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fiboFibonaccigoldenratioSupport and Resistance

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