The PEAD projected a Bullish outlook for $UNP after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 75%.
On this chart for UNP I have used the 'Three dives pattern" to demonstrate the price movement of price
The three significant down points are at the Three hammers, which all act as tops (current top is underway)
The 200MA has provided a nice support on this Weekly timeframe
Before August 19th, we could see an increase of at least 100% (OTM option price).
Using options so time is the only SL.
Strike: 240
Current Mark Price: 4.10
The PEAD projected a Bearish outlook for $UNP after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 77.78%.
fresh breakout after 6 month consolidation faze, usually I would say expect a big break now. But this seems like a slower mover, so it will probably take a few months for these targets to hit.
Targets: 267.93-283.49-299.05
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The PEAD projected a Bullish outlook for $UNP after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 71.43%.
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
UNP is sure going to need one hell of an earnings to push this thing up. looks to be on the 4th leg of a broadening pattern with bearish divergence.
Not financial advice
Something really cool is happening at UNP. And by that, we surmise some more action to the topside on this one. Momentum growth, pivots and fibtime levels are backing up this standpoint also. Having said that nothing comes ahead of the actual, correct, accurate wave count. And that is a skillset that only comes with experience.
We are not in the business of...
* Great earnings
* Very strong up trend
* High 3-month relative strength in the Industrial sector
* Built an 11 month base between $196 and $227.80
* After breaking out it started consolidating in a very tight range creating a base on base pattern
* Consolidated for about a month and now breaking out with higher than average volume
Trade Idea:
* If you can...
The PEAD projected a Bullish outlook for $UNP after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 75%.
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
