Keep an eye on UPS for a bullish play
UPS is trading right down to the 200 day SMA on the daily time frame. Look to play the bounce on shorter term trades.
I am looking to go long after we consolidate a week or two between the $112-$113 area with some longer term options.
Here is the weekly chart below. The 100 day SMA is also approaching the green box :)
If the trade doesn't work off the 100 day SMA, I will try the 200 day SMA on the weekly time frame.
I am looking to go long after we consolidate a week or two between the $112-$113 area with some longer term options.
Here is the weekly chart below. The 100 day SMA is also approaching the green box :)
If the trade doesn't work off the 100 day SMA, I will try the 200 day SMA on the weekly time frame.
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Will continue to watch for a bounce off the 100 day SMA on weekly time frame. If not, we are probably going back to the 200 day SMA on weekly time frame or the support at $102.62.
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Should have played a bracket trade on February 7th's candle :D