Bullflag on UNP! 🔉Sound on!🔉
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4UNP trade ideas
Union Pacific Corporation to Gain Some Traction. UNPA nice cross of MIDAS, Smoother lines on the daily, post something choppy that we are not entirely sure what is. Oscillators are supporting. Weekly chart is in favor of some kind of a recovery in the interim.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green or purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line.
Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis.
Professionally, we are big fans of any indicators from Jurik, De Mark and Ehlers, which we use in addendum in analysis prior to putting down positions.
We prefer a combination of at least four technical factors to favor a particular stance. A stance is never decided by this constellation, rather the constellation merely confirms the stance.
Trading is a true one man sport. No single confluence of indicators is truly good enough, and a professional trader's sense must be developed through a lot of hard work and over a significant period of time. Good luck out there and stay safe.
UNP - Here's the bullish confirmation we need to seeWe're recently rejecting off of a proven HTF Supply zone - Bulls are pulling back in order to recapture buyers at the Demand levels below. We are just finding some bullish reaction at a HTF demand zone but need confirmation of this holding up by looking out for our LTF flip zone and turning that bullish. From there, we are given a trade opportunity up to HTF Supply in the $250+ range
Happy Trading :)
Union Pacific Corporation .Union Pacific Corporation (NYSE: UNP) exhibits mixed signals across various technical indicators and moving averages. As of the latest data, the stock is trading at $226.36, with a slight pre-market drop to $226.00. This analysis breaks down the key indicators, candlestick patterns, and recent news to provide a comprehensive outlook on UNP’s potential price movements.
The recent candlestick patterns show a potential reversal with a bullish engulfing pattern in the last trading sessions, signaling that buyers are stepping in at the current support levels around $225. The price has found support near the $222-$226 range, which aligns with the S1 pivot levels. Resistance is observed near the $235-$240 levels.
Long Position:
Entry Point: Consider entering a long position if the stock breaks above the immediate resistance at $229. This would confirm a breakout above short-term moving averages and the Ichimoku Cloud.
Price Target: Set a speculative price target around $240, aligning with R1 pivot resistance levels.
Stop Loss: Place a stop loss at $222 to mitigate downside risk.
Short Position:
Entry Point: Initiate a short position if the stock fails to hold the $226 support and closes below $222.
Price Target: Target a drop towards $212, correlating with the S2 Fibonacci support level.
Stop Loss: Set a stop loss at $230 to protect against a reversal.
Bullish Scenario: If UNP breaks and sustains above $229, it could rally towards $240-$245 in the short term.
Bearish Scenario: A drop below $222 could see the stock retesting $212-$215 levels.
Union Pacific - Confirmation of Support LossThe approach and alignment of Fiboclouds below the support line should be interpreted, in the current chart context, as a strong indication of an increased probability of value loss.
If this projection is confirmed and a partial realization occurs at the first target, the stop loss should be moved from its initial position to the same line where the position was opened.
This way, the journey towards the final target will proceed with reduced risk of losses and the preservation of the partial gains achieved so far.
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UNP - Breakouts happening on buying continuation activationNext Stop: 247.50
When we see ourselves breakout out and retesting a strong selling algorithm like magenta here, we are almost guaranteed to come and retest the top of our tapered selling algorithm (teal here).
Look for yellow strong buying to continue to activate and hold price for the move to retest teal. A future breakout of teal will then allow us to retest recent highs at 258 which is the top of our green buying continuation which is currently in control.
Happy Trading :)
UNP Short 11/29/23NYSE:UNP
A decline through 216.92 would suggest the completion of wave (b) of , and see prices move swiftly towards the wave (a) low of 199.33 and potentially lower towards 183.70. Should prices continue higher through the 224.99 high, it would signal that wave (b) is not yet complete.
Union Pacific dips continue to attract buyers.Union Pacific Corporation - 30d expiry - We look to Buy at 204.44 (stop at 194.90)
Prices have reacted from 183.70.
Levels below 205 continue to attract buyers.
This stock has seen good sales growth.
The primary trend remains bullish.
A break of 221.71 is needed to confirm follow through bullish momentum.
Our profit targets will be 227.88 and 232.88
Resistance: 216 / 222 / 230
Support: 210 / 205 / 203
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
#UNP short to 182$? #TheStrat Monthly 2-2 reversalHello dear Traders,
Here is my idea for #UNP
Price closed below yellow line (previous month low)
Targets marked in the chart (green lines)
Invalidation level marked with red line
Good luck!
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UNP:Head and shoulders?!Union Pacific Corporation
Short Ter m - We look to Buy at 205.26 (stop at 192.50)
A bullish reverse Head and Shoulders is forming. Previous resistance at 205.00 now becomes support. Support could prove difficult to breakdown. Preferred trade is to buy on dips. Further upside is expected.
Our profit targets will be 241.01 and 260.00
Resistance: 240.00 / 280.00 / 300.00
Support: 205.00 / 180.00 / 160.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
12/16 Expiration, Iron Condor Trade Idea, $UNP$UNP
Iron Condor Idea
12/16 Expiration
+1 $230 call
-1 $225 call
--{$193.22 current price}--
-1 $160 put
+1 $155 put
Credit TBD. EOD 11/3, the MARK price is around $35 for credit. On 11/4 I will look at submitting an ASK for $75 and working down from there, (possibly to as low as $45).
HIGH Risk:low reward
In-between earnings, end of year