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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.