UPS may fall to 119.30 - 121.90

Our pivot point stands at 135.7.

Our preference

Target 121.9.

Alternative scenario

Above 135.7, look for 140.2 and 142.8.

Comment

The RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the stock is below its 20 day moving average (133.225) but above its 50 day moving average (130.3892).

Supports and resistances

142.8 **

140.2 *

135.7 **

133.8

131.33 (USD-last)

124.6

121.9 **

119.3 *

116.7 **

Number of asterisks represents the strength of support and resistance levels.