vf_investment

UNP double bottom - price rising

Long
BATS:UNP   Union Pacific Corporation
Hi Traders! Let's look at UNP today on the daily chart. The price has created the double bottom formation. Now the price jumped from the horizontal support line and we expect the price to continue rising up to the higher resistance. We would enter long now, but keep in mind that the risk is bigger than entering at the support line. Target is the resistance line. What do you think? Do you agree? Let us know in the comments!

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