This Is Why You Should Monitor A 30-Minute Chart
United Parcel Service
(UPS) looks interesting. I know it is still too soon to say, but it
may be forming a bottom. As you can see below, UPS is shaping a mildly bullish
tail on its daily chart. Notice the 14-period RSI is showing a positive
divergence.
(Charts courtesy of QCharts)
10:25:44 (from TradersWire)
|
Action |
Symbol |
Order Type |
Setup |
Stop |
 Target |
Current Price |
Posted By |
|
Buy |
YM | buy at the market | positive stochastic divergence |
10450 | 10490 | 10467 |
TK |
Shortly before 10:30 AM, YM formed a bullish
hammer at the intraday low. The stochastic was positively diverging, and I found
one more reason to buy YM. Take a look at the 30-minute chart. YM was bouncing
off its 61.8% Fibonacci level. I placed a buy at the market.  Â
(5-minite)
(30-minute)
T.Kamada
If you have questions, feel free to
mail them to me.