UPS is considered undervalued ('on sale') relative to past highs; speaker plans to go long at $85.98 support.
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Now when a stock in which investors did hit the sell button is UPS. Now guys look at this down 4.35% today coming close and touching these previous pivots back in May as well as April of this year.
Now, let me pull back the charts just a little bit to show you where we are on the weekly time frame with UPS. We had a very nice sell earlier. Um, actually that's toward the latter part of last year uh towards September of 25 that created this low range pivot.
And what I did here, you can see I've taken two trend lines. Now, I've connected the first one on top to this low pivot. Notice when price came down underneath that range, it consolidated, tried to get back above, failed, but then ultimately got right back above that inclining trend line.
And now we find ourselves coming back down towards the middle range of price action underneath that trend line.
That illustrates to me another potential support level should UPS continue selling. one that I would be interested in to go long at $85.98 right here on this long-term trend line coming from March 9th low and connected over to the pivots from September of 2025.
That will give us another opportunity to attack this very sharply declining trend line that you can see has been hit once, twice, three times. This next fourth hit is a 50/50 shot of us breaking to go higher.
Now, I don't know about you, I like to buy my stocks on sale. I look at this chart and see UPS over $230. It is on sale down here under a hundred. It's just a matter of where you want to get into and I'm going to be waiting down here when we get priced just under 86 bucks.
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What this channel has said about $UPS
Verified Investing has only this one call on this stock.