UPS LONG (read why)
Hi everyone, I would like to point out that I have this stock in my portfolio and to date, although the price has undergone a significant reversal, I am still making money!!!
Today I would like to provide you with interesting operational advantages:
1 EDGE1: the stock, (YTD) has suffered a retracement of 18% since the beginning of the year. Analyzing history, 18% represents a level reached and exceeded few times in the past. This makes me think that the stock is more likely to reverse the trend, rather than continue the decline. A draw down of this magnitude violates the second standard deviation of the worst-case scenario.
EDGE2: as I documented in the image, in the last 10 years, a trade opened on July 19th (i.e. the day I am writing these considerations) and closed on December 31st would have led to profit in 7 cases out of 10 with a gain annualized above 10%.
Edge 3: from a technical point of view the title would appear to be back in distribution with a possible return to POC. This level will be the real watershed between an upward recovery and a pullback towards the lows of the year. A trade now would allow us to enter and place a stop loss at break even (0 loss) upon reaching the POC.
Let me know what you think, and if you like my analysis, give it a boost. Thank you
Today I would like to provide you with interesting operational advantages:
1 EDGE1: the stock, (YTD) has suffered a retracement of 18% since the beginning of the year. Analyzing history, 18% represents a level reached and exceeded few times in the past. This makes me think that the stock is more likely to reverse the trend, rather than continue the decline. A draw down of this magnitude violates the second standard deviation of the worst-case scenario.
EDGE2: as I documented in the image, in the last 10 years, a trade opened on July 19th (i.e. the day I am writing these considerations) and closed on December 31st would have led to profit in 7 cases out of 10 with a gain annualized above 10%.
Edge 3: from a technical point of view the title would appear to be back in distribution with a possible return to POC. This level will be the real watershed between an upward recovery and a pullback towards the lows of the year. A trade now would allow us to enter and place a stop loss at break even (0 loss) upon reaching the POC.
Let me know what you think, and if you like my analysis, give it a boost. Thank you
New Horizons
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