Jump to content

United Parcel Service Inc.(UPS:NYSE) Elliott Wave Technical Analysis 15 June 23


Recommended Posts

United Parcel Service Inc., Elliott Wave Technical Analysis
United Parcel Service Inc.,  (UPS:NYSE): Daily Chart, 15 June 23,
UPS Stock Market Analysis: We have been looking for downside into wave {c} to complete a higher degree wave 2.  
UPS Elliott Wave Count: Wave (ii) of {c}.
UPS Technical Indicators: Between 200 and 20EMA.
UPS Trading Strategy: Looking downside into wave (iii), waiting for a clear three wave move in wave (ii) to have additional confirmation.
TradingLounge Analyst: Alessio Barretta
 
UPS_6_15.png.fbe4572dd9619f2e5086ea3617362b7b.png
 
 

 
United Parcel Service Inc., UPS: 4-hour Chart, 15 June 23
United Parcel Service Inc., Elliott Wave Technical Analysis
UPS Stock Market Analysis: We are looking at an ideal area for wave (ii) to stop. Ideally at around the 50% pullback of wave (i) as we have the previous wave ii of the diagonal.
UPS Elliott Wave count:  Wave (ii) of  {c}.
UPS Technical Indicators: Below 200EMA
UPS Trading Strategy: Looking for short off of wave (ii).
UPS_4H.png.b5f24586cf9e9e6faba19c1652046c11.png
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
  • image.png

  • Posts

    • KO Elliott Wave Analysis Trading Lounge Daily Chart, The Coca-Cola Company, (KO) Daily Chart KO Elliott Wave Technical Analysis   FUNCTION: Counter Trend MODE: Corrective STRUCTURE: Flat POSITION: Minute wave {c} of 2.   DIRECTION: Bottom in wave {c}. DETAILS: With yesterday’s session we’ve had a spike in volume on the bull side, which could make us start thinking the correction is either completed, or soon to be. We have almost reached 1.618 {c} vs. {a}., but more importantly we have reached the base of the leading diagonal in wave 1, where many times support is found.         KO Elliott Wave Analysis Trading Lounge 4Hr Chart, The Coca-Cola Company, (KO) 4Hr Chart KO Elliott Wave Technical Analysis   FUNCTION: Counter Trend MODE: Corrective STRUCTURE: Flat POSITION: Wave (v) of {c}. DIRECTION: Bottom in wave (v). DETAILS: Here on the intraday chart it’s easier to see the five wave move in wave {c} which seems to have unfolded nicely. Looking for a clear sign of a bottom in place.        As of April 18, 2024, Elliott Wave analysts closely monitor the daily and 4-hour charts of The Coca-Cola Company (Ticker: KO) to provide insightful technical forecasts. These Elliott Wave predictions play a crucial role in identifying potential trends and reversal points in the stock's price movement.     * KO Elliott Wave Technical Analysis – Daily Chart* The Elliott Wave analysis on the daily chart of Coca-Cola shows a corrective phase within a flat structure, identified as minute wave {c} of 2. This phase is categorized under a counter trend function, suggesting that the ongoing correction is approaching completion. The recent trading session marked a significant increase in volume on the bullish side, hinting at a nearing end to the correction. Technically, the price has approached the critical 1.618 Fibonacci extension of wave {c} relative to {a}, reaching a key support level at the base of the leading diagonal from wave 1—a typical zone for finding support.   * KO Elliott Wave Technical Analysis – 4hr Chart* On the 4-hour chart, Coca-Cola’s stock exhibits a detailed structure of the corrective phase, clearly depicting wave (v) of {c}. This finer resolution allows for a clearer visualization of the complete five-wave move within wave {c}, indicating the likelihood of a bottom formation. Analysts are keenly observing for definitive signs that confirm the bottom is firmly in place, signaling potential bullish reversals.   Technical Analyst : Alessio Barretta   Source : Tradinglounge.com get trial here!    
    • I came across an interesting new meme token called EPIK that launched on the Solana blockchain earlier this month. It features a playful little duck character and has been gaining traction since its debut. In my opinion, several factors contribute to EPIK's potential. Meme coins naturally attract attention, and EPIK's unique duck character design helps it stand out. Additionally, backing from crypto influencers has fueled market interest. It seems on-chain activity is also picking up steam, with daily TV reaching millions of dollars and the number of holders approaching 10,000. With a strong community presence in both English-speaking and Chinese-speaking communities, a recent listing on Bitget potentially exposing it to a much wider audience, coupled with the potential for further price increases, I believe EPIK is a project to keep an eye on.
×
×
  • Create New...
us