UPS may rise to 146.70 - 149.80

Our pivot point is at 131.6.

Our preference

Short term rebound towards 146.7.

Alternative scenario

The downside breakout of 131.6 would call for 126.3 and 123.2.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the stock is trading above its 20 day moving average (136.753) but under its 50 day moving average (141.9546).

Supports and resistances

153 **

149.8 *

146.7 **

143.5

136.85 (USD-last)

133.7

131.6 **

126.3 *

123.2 **

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