UPS may fall to 105.30 - 110.80

Our pivot point is at 138.1.

Our preference

The downside prevails as long as 138.1 is resistance.

Alternative scenario

The upside breakout of 138.1 would call for 147.5 and 153.1.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 135.94 and 136.54).

Supports and resistances

153.1 **

147.5 *

138.1 **

134.3

128.06 (USD-last)

116.3

110.8 **

105.3 *

99.9 **

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