UPS Trade Update ~ +4.2% Since Entry ~ $134 Target IntactUnited Parcel Service, Inc.BATS:UPSRB_TOverview Our November 26 entry on UPS at $95 is performing as expected. Price is now trading near $99 for a gain of +4.2%. More importantly, the structural road map targeting $134 remains fully valid. The move so far represents the early phase of a multi-month recovery, not the completion of the idea. Original Setup • Entry: $95 • Stop: $88 • Target: $134 • Time-frame: 3 to 6 months • Structure: Deep pullback into major demand with multiple confluences including Fibonacci support, high-volume accumulation, and technical exhaustion • Thesis: Sentiment-driven decline into value created an asymmetric long opportunity Current Price Action Since entry, UPS has: • Respected the $95 demand zone • Formed higher lows on the daily chart • Shown early accumulation • Transitioned momentum from oversold to neutral and improving The bounce into $99 confirms early strength and aligns with the expected path toward the $110-115 intermediate region. Why $134 Still Stands The $134 objective is anchored by: • Prior structural resistance • Fibonacci extension alignment • A clean volume gap between $105 and $134 • Historical acceptance at higher prices From current levels, the remaining upside is still substantial. This is where the bulk of the idea plays out. Technical Structure Daily: • Higher lows forming • Price reclaimed 20-day moving average • Increasing volume on advances • Momentum indicators recovering Weekly: • Major support at $95 held cleanly • Downtrend break developing • Structure suggests the corrective phase is ending Key zones: • Support: $95-97 • First resistance: $103-105 • Mid-target: $115-118 • Final target: $134 Position Management For entries at $95: • Hold the core position as the structure remains fully intact • Consider scaling at $115-118, then $125-128, then final exits near $134 • Keep the stop at $88 until price clears $105, then break-even becomes optional • Use weekly swing lows to guide any trailing approach The goal is to let the multi-month structure play out rather than taking quick profits early. Psychology Note Many traders exit too soon because small gains feel rewarding. The entry at $95 required conviction. The hold toward $134 requires patience. Small early moves are confirmation, not completion. Timeline Outlook • Weeks 1-2: Early bounce (completed) • Months 1-2: Move toward 110-115 zone • Months 3-4: Consolidation and mid-target testing • Months 4-6: Attempt toward $134 The current action fits this road-map perfectly. Risk Factors • A weekly close below $88 invalidates the long thesis • Broad market weakness could slow progress • Company-specific events or earnings surprises may affect trajectory Key Takeaway UPS is behaving exactly as the original thesis anticipated. +4.2% is early confirmation with far more potential remaining. As long as structure remains intact, the $134 target continues to be the primary objective.