The UPS (United Parcel Services) swing trade hit the third (T3) and final price target* yesterday for a 22% profit, with negative divergences building between price & the momentum oscillators. As this was the final price target, UPS & all previous posts related to this trade will now be moved to the Completed Trades archives. Previous & updated daily charts below.
UPS weekly Sept 11th
UPS daily Oct 28th
UPS daily Dec 10th
UPS daily Dec 19th
*As always, all price targets on long trades shown on the charts are the actual resistance level(s) where a reaction is likely upon the initial tag. As such, sell limit orders should be set slightly below the actual resistance level to minimize the chance of missing a fill, should the sellers step in early, as is often the case. Vice versa on short trades; one should cover slightly above the support level(s) they are targeting.