UPS United Parcel Service showing an H&S pattern (head and shoulders) with the right shoulder forming now. A neck line at 70 would target the 63 horizontal support area if the H&S pattern would play out. The red lines show the long term negative divergence that created the February spank down. Watch to see if the bullish posture of price above the 20 MA above the 50 MA reverses as the weeks move along. This chart is rolling over. Price should move sideways to sideways down. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your finanical advisor before making any investment decision.
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