Jump to content

United Parcel Service Inc.(UPS:NYSE) Elliott Wave Technical Analysis Daily Chart, December 12 2022

Recommended Posts

United Parcel Service Inc., Elliott Wave Technical Analysis

United Parcel Service Inc., (UPS:NYSE): Daily Chart, December 12 2022, 

UPS Stock Market Analysis: UPS has been moving as expected from the last update. We arelooking at a move off the 155$ lows as a corrective move, being a three wave structure. We are notforecasting either a three wave move or a triangle in wave (b).

UPS Elliott Wave Count: Wave (b) of {b}.

UPS Technical Indicators:Averages are crossing, 20EMa acting as resistance.

UPS Trading Strategy:Look for short term short and then wait for a clearer picture on how wave{b} is going to look like.

TradingLounge Analyst: Alessio Barretta





United Parcel Service Inc.,UPS: 4-hour Chart, December 12 2022

United Parcel Service Inc.,Elliott Wave Technical Analysis

UPS Stock Market Analysis:We could potentially have finished wave a and be in wave b of (b).However the initial move up in potential wave b seems to be a three wave move and therefore wecould still break the low of wave a. Support could be faced at around 167$ where we have largevolume from the previous up swing.

UPS Elliott Wave count: Wave b of (b).

UPS Technical Indicators: 20EMA acting as resistance.

UPS Trading Strategy:Lookin for shorts, potentially up to 167$.


Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
    • Total Posts
    • Total Members
    • Most Online
      10/06/21 10:53

    Newest Member
    IPS Temp Admin
    Joined 06/10/22 15:40
  • Posts

    • Hi @AndaIG, Please could the [LOUP] Innovator Deepwater Frontier Tech ETF be listed and made available for the ISA tax wrapper, pretty please? Many thanks, Sam
    • Look ahead to 31/5/23: China PMI; France GDP; Germany CPI Economic data is key on Wednesday. It starts in Japan with retail sales, followed by Chinese PMI.  Jeremy Naylor | Analyst, London | Publication date: Tuesday 30 May 2023  IGTV’s Jeremy Naylor looks at the chances that the Chinese yuan will weaken further as it becomes more and more obvious that the recovery in China is further away than initially expected. Then in the eurozone we’re looking at the CAC 40 and DAX as growth and inflation data is released. The only corporate on the schedule is from stationers, WH Smith.          
    • Charting the Markets: 30 May FTSE 100 lower while DAX moves higher in early trading, and Dow looks to edge up following reports of debt ceiling deal. EUR/USD declining and USD/JPY holding firm, while GBP/USD begins to show signs of a higher low. Chris Beauchamp | Chief Market Analyst, London | Publication date: Tuesday 30 May 2023  Gold’s pullback slows down, while Brent crude turns lower and natural gas struggles to hold the 50-day MA.               This is here for you to catch up but if you have any ideas on markets or events you want us to relay to the TV team we’re more than happy to.
  • Create New...