UPS may rise to 143.60 - 146.10

Our pivot point is at 131.3.

Our preference

The upside prevails as long as 131.3 is support.

Alternative scenario

The downside breakout of 131.3 would call for 127.2 and 124.8.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 132.4745 and 129.7134).

Supports and resistances

148.5 **

146.1 *

143.6 **

141.2

135.84 (USD-last)

132.9

131.3 **

127.2 *

124.8 **

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