Technical Pulse: United Parcel Service Inc. November 23, 2021 163


United Parcel Service (US: UPS) Upside was confirmed on 26th October 2021 after a strong bullish measuring gap above the expanded falling wedge’s upper sloping resistance. Further technicals indicate that the bull run is set to continue:


  1. Since completing the triple three corrective wave and the expanded falling wedge, UPS has embarked on the next sub-bullish impulse wave. Currently, wave 4 of the sub-minor phase is complete after the bullish candle was seen rebounding from the support zone at US$205.50-US$207.50.
  2. The falling wedge formation is a potential bullish continuation pattern.
  3. The Ichimoku signal indicates a relative upside as the Senkou-Span A  is seen sloping up and the candles are well-supported by the 26 periods Kijun-Sen.



*Expected timeline of the trade is 15 weeks from the date of report issuance.

*Price needs to  be above the Tenkan-Sen which is around the US$211.00 region to further boost the bullish upside confirmation.   



Ichimoku Kinko Hyo

Red dotted line = 26 periods Kijun-Sen

Blue dotted line = 9 Periods Tenkan-Sen

Green Line B= 52 periods Senkou Span B

Pink Line A = 26 periods Senkou Span A

Black line = 26 periods Chikou Span. Lagging line


Join our telegram channel on technical analysis for trends, entry and exit prices over Stocks, ETFs, and Indices!

Featuring regular TA posts and requests to analyse specific stocks
Click to join!
Notify of
Inline Feedbacks
View all comments

Get access to all the latest market news, reports, technical analysis
by signing up for a free account today!