I like Union Pacific and this is why:
There is a very strong support line.
The stock bounced at it today and the candle was a doji so that shows indecision and indecision after 3 down days move like that then this is sign of a reversal.
There is also the EMA 10 who acted as a support so that brings more strength for a possible reversal on the upside.
What i like also is that the stock did a big move on earnings and the stock went up for multiple days so the stock cant go higher forever so it took a pause and then i think we will see a continuation from the prior uptrend.
There is a very strong support line.
The stock bounced at it today and the candle was a doji so that shows indecision and indecision after 3 down days move like that then this is sign of a reversal.
There is also the EMA 10 who acted as a support so that brings more strength for a possible reversal on the upside.
What i like also is that the stock did a big move on earnings and the stock went up for multiple days so the stock cant go higher forever so it took a pause and then i think we will see a continuation from the prior uptrend.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.