United Parcel Service, Inc.NYSE
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⋅ Earnings have passed with good results and received well.
Rectangle top. Targets above the top trendline are Up targets and targets below are targets if this were to break the support of the bottom trendline.
Rectangles are horizontal trading patterns/consolidation patterns. Price is above the top trendline of the rectangle right now.
No recommendation.
Sometimes I wonder if the main purpose of the market is to make fools of as many people as possible.
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⋅ If price goes back into the rectangle, then consider those trendlines.
I have noted rectangle tops are hard to hang on to. Just an observation.