Next Stop: 247.50
When we see ourselves breakout out and retesting a strong selling algorithm like magenta here, we are almost guaranteed to come and retest the top of our tapered selling algorithm (teal here).
Look for yellow strong buying to continue to activate and hold price for the move to retest teal. A future breakout of teal will then allow us to retest...
Price took a hit after positive earnings report but seems to be heavily rejecting the ascending trend line. Areas marked to look out for. Target around $250.
NYSE:UNP
A decline through 216.92 would suggest the completion of wave (b) of , and see prices move swiftly towards the wave (a) low of 199.33 and potentially lower towards 183.70. Should prices continue higher through the 224.99 high, it would signal that wave (b) is not yet complete.
The PEAD projected a bullish outlook for NYSE:UNP after a positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 66.67%.
I started a long here on Union Pacifc Corparation.
- Looks good. It has been here at bottom a couple of time the last couple of months.
- Indicators look good as well.
- Also there is a structure that has been building here.
The stock is forming a bullish spinning top/ harami nearing the key demand level. There is a potential fake out should there be strong resistance at 194.50. Hecne, I would place my stops slightly further
The PEAD projected a Bullish outlook for $UNP after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 50%.
Union Pacific Corporation - 30d expiry - We look to Buy at 204.44 (stop at 194.90)
Prices have reacted from 183.70.
Levels below 205 continue to attract buyers.
This stock has seen good sales growth.
The primary trend remains bullish.
A break of 221.71 is needed to confirm follow through bullish momentum.
Our profit targets will be 227.88 and 232.88...
Hello dear Traders,
Here is my idea for #UNP
Price closed below yellow line (previous month low)
Targets marked in the chart (green lines)
Invalidation level marked with red line
Good luck!
❤️Please feel free to ask any question in comments. I will try to answer all! Thank you.
Please, support my work with like, thank you!❤️
Union Pacific Corporation
Short Ter m - We look to Buy at 205.26 (stop at 192.50)
A bullish reverse Head and Shoulders is forming. Previous resistance at 205.00 now becomes support. Support could prove difficult to breakdown. Preferred trade is to buy on dips. Further upside is expected.
Our profit targets will be 241.01 and 260.00
Resistance: 240.00 /...
$UNP
Iron Condor Idea
12/16 Expiration
+1 $230 call
-1 $225 call
--{$193.22 current price}--
-1 $160 put
+1 $155 put
Credit TBD. EOD 11/3, the MARK price is around $35 for credit. On 11/4 I will look at submitting an ASK for $75 and working down from there, (possibly to as low as $45).
HIGH Risk:low reward
In-between earnings, end of year
The PEAD projected a Bullish outlook for $UNP after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 75%.
