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.
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