Nov. 14 at 2:55 AM
$UNP trade plan:
Market Context: The stock closed at
$221.48, showing resilience near the midpoint of its recent range (
$210.84 -
$238.23). The RSI at 59.59 indicates bullish momentum, but not yet overbought, suggesting potential for upward movement.
Directional Bias: The stock is trading below both the 30-day (MA30: 224.06) and 50-day (MA50: 224.1) moving averages, which may act as resistance. However, the RSI indicates strength, suggesting a possible breakout if it can surpass these averages.
Suggested Entry: Consider entering a long position above
$224.10, confirming a break above the MA30 and MA50.
Stop: Set a stop loss at
$218.00, below recent support levels.
Targets: First target at
$230.00, which is a psychological level and near the midpoint of the recent high. Second target at
$235.00, approaching the 60-day high.
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