I agree, except I wouldn't call them actions.
up and
over are best described as positions or directions, not actions.
Lift it upward (direction) until it is over/above (position) your head.
= Lift it up over/above your head.
Yes, to be very specific, some motion in the "over" direction is needed together with the "up" direction, in case you're thinking that. But these expressions are not that specific. We would not say Lift it up (and) over (to) above/over your head. In these expressions, over is taken to mean the position above, not as lateral motion.
CJ