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United parcel service stock3/9/2023 ![]() In this case, 176.38, initial resistance, would be breaking higher, so a buy signal would exist. 176.38 is the first level of resistance above 173.83, and by rule, any break above resistance is a buy signal. The data also tells us to set a stop loss 175.97 in case the stock turns against the trade. If 176.38 begins to break higher, the technical summary data tells us to buy UPS just over 176.38, with an upside target of 182.67. Buy UPS slightly over 176.38, target 182.67, Stop Loss 175.97 Details.Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan. In this case, if resistance, 182.67, is being tested a short signal would exist. By rule, any test of resistance is a short signal. ![]() We should have a stop loss in place at 183.2 though in case the stock begins to move against the trade. The technical summary data is suggesting a short of UPS if it tests 182.67 with a downside target of 172.04. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan. In this case, 182.67, initial resistance, would be breaking higher, so a buy signal would exist. 182.67 is the first level of resistance above 173.83, and by rule, any break above resistance is a buy signal. The data also tells us to set a stop loss 182.14 in case the stock turns against the trade. If 182.67 begins to break higher, the technical summary data tells us to buy UPS just over 182.67, with an upside target of 189.16. Buy UPS slightly over 182.67, target 189.16, Stop Loss 182.14 Details.In this case, if resistance 189.16 is being tested, so a short signal would exist. ![]() 189.16 is the first level of resistance above 173.83, and by rule, any test of resistance is a short signal. We should have a stop loss in place at 189.71though. The technical summary data is suggesting a short of UPS as it gets near 189.16 with a downside target of 171.53.
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