Momentum is building with this Bullish Flag. See the live chart action.
Bullish continuation if preceding move was up.
Reversal pattern. Price likely to break downwards.
Traders are watching United Parcel Service (UPS) as price action tightens. Currently at $104.86, the asset is showing downward momentum (-0.26%). Price action has carved out a classic Bullish Flag. The trend indicator is reading 7.5/100, suggesting moderate momentum. A potential breakout level is identified at $111.22, targeting $129.94 with support near $102.83 (R:R 2.23).
What is your outlook on UPS?