Dec. 19 at 3:20 PM
Actionable Trade Alert for
$UNP:
Market Context:
$UNP is currently trading at
$234.42, showing a stable position above its 30-day moving average (MA30) of
$229.34 and 50-day moving average (MA50) of
$226.6. The RSI at 54.45 indicates a neutral to slightly bullish momentum, suggesting potential for upward movement.
Directional Bias: The price is near the 60-day high of
$241.52, indicating a bullish sentiment as it approaches this resistance level. The ATR of 3.86 suggests moderate volatility, allowing for reasonable price movement.
Trade Plan:
- Suggested Entry:
$234.50
- Stop Loss:
$230.00 (4.8% risk)
- Take Profit Targets:
1.
$240.00 (2.4% gain)
2.
$245.00 (4.5% gain)
3.
$275.00 (17% gain)
This plan offers a solid risk-reward ratio, with the potential for a 17% ROI on the third target. Monitor the price action closely for optimal entry.
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