$UNP has been in a “Go” trend since the end of June.
We saw price soar to highs over $315 dollars a month later as price painted almost exclusively strong blue bars. After that high we saw price fall back and GoNoGo Trend painted several weaker aqua bars. GoNoGo Oscillator fell to test the zero line from above and we saw the indicator get tangled up at that level. An extended Max GoNoGo Squeeze reflected the virtual tug of war between buyers and sellers at this level. Now, with GoNoGo Trend once again painting bright blue “Go” bars, we see GoNoGo Oscillator is breaking out of the Max GoNoGo Squeeze into positive territory. This resurgent momentum in the direction of the trend has triggered a Go Trend Continuation Icon (green circle). We will watch to see if this boost in momentum will give price the push it needs to track dow the prior high and potentially go even higher in the coming days and weeks.
