The main reasons for this are a weaker demand for delivery services and ongoing inflation, which has increased operating costs. Additionally, the labor dispute with the Teamsters union forced the company to agree to higher wages, further squeezing profit margins. The latest quarterly report also showed a decline in revenue and profit, which has weakened investor confidence. Analysts at JPMorgan recently lowered their earnings forecasts for UPS, further contributing to the downward trend
should we fail to break out of the adam and eva or the head and shoulders formation, the target option of the triangle breakout will become interesting again for a higher-level entry.
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