UNP has been a profitable trending stock but, as with many other positions, the October pullback was too deep to justify remaining in the trade.
On the weekly chart the trend has remained pretty much intact since January 2012, even with the recent pullback. Price did not breach the 50ma, and only spiked below the 100 figure.
But on the daily chart the pullbacks have become progressively deeper. However it is conceivable that UNP will return to its former linear trend. Yesterday's breakout bar confirmed a small doji-based flag on slightly higher volume. If it weren't for NFP today a buy opportunity could've been a possibility.
But for now I will wait for Monday (to avoid possible near term volatility due to NFP) and reassess then.
On the weekly chart the trend has remained pretty much intact since January 2012, even with the recent pullback. Price did not breach the 50ma, and only spiked below the 100 figure.
But on the daily chart the pullbacks have become progressively deeper. However it is conceivable that UNP will return to its former linear trend. Yesterday's breakout bar confirmed a small doji-based flag on slightly higher volume. If it weren't for NFP today a buy opportunity could've been a possibility.
But for now I will wait for Monday (to avoid possible near term volatility due to NFP) and reassess then.
Web: dt.live
Instagram: instagram.com/dynamictrader
Twitter: twitter.com/dynamictrader
Instagram: instagram.com/dynamictrader
Twitter: twitter.com/dynamictrader
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Web: dt.live
Instagram: instagram.com/dynamictrader
Twitter: twitter.com/dynamictrader
Instagram: instagram.com/dynamictrader
Twitter: twitter.com/dynamictrader
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.