Momentum is building with this Double Bottom. See the live chart action.
Reversal pattern after a downtrend.
Reversal pattern. Price likely to break upwards.
Gradual reversal from bearish to bullish.
Technical analysis of United Parcel Service (UPS) reveals a significant setup. Currently at $98.67, the asset is showing downward momentum (-0.2%). Our AI has detected a valid Double Bottom pattern. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $108.02, targeting $122.18 with support near $100.94 (R:R 2.0).
What is your outlook on UPS?