UNP nice earnings winner looks great here to start position.
Entry : 164.50
Target : 200+ First target, 225 Second, 250 Third target.
Stop loss : 125 ishh or wider stop 120.
I am long this stock for long term, till February 2019 and I will re-evaluate this position after FEB 2019. I am looking to hold at-least half of the next year as well so please position...
Potential Earn Per Share : 8.00 $
Potential Risk Per Share: 3.00 $
Buy Zone: 148 - 149
Risk Award Ratio: 2.66
That means it can cover the stoploss cost up to 2 times and you still can make profit.
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...