UPS may fall to 124.30 - 127.10

142 is our pivot point.

Our preference

The downside prevails as long as 142 is resistance.

Alternative scenario

Above 142, look for 146.9 and 149.8.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 143.602 and 145.8844).

Supports and resistances

149.8 **

146.9 *

142 **

140.2

135.63 (USD-last)

129.9

127.1 **

124.3 *

121.4 **

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