UPS price is moving up and it is likely to test the resistance level in the next days! This thought is highly supported by two indicators:
- MACD(12,26,9) -> MACD line > Signal line
- RSI 14 shows no indication of overbought conditions
High probability that a breakout will take place. However, my suggestion is to wait for the price to come back and test the resistance to ensure the resistance has become a support in order to avoid false breakout.
Be aware of a possible bounce back to the previous support! In that case GO SHORT.
Not a financial advise.
Enjoy your trade!
- MACD(12,26,9) -> MACD line > Signal line
- RSI 14 shows no indication of overbought conditions
High probability that a breakout will take place. However, my suggestion is to wait for the price to come back and test the resistance to ensure the resistance has become a support in order to avoid false breakout.
Be aware of a possible bounce back to the previous support! In that case GO SHORT.
Not a financial advise.
Enjoy your trade!
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