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ON Trading Near the Midrange
ON is trading in the middle of this wedge pattern with resistance around $126 and support around $34. I wouldn’t make any decisions here, but if ON does rise to $126 I would look for put options. For buying opportunities I would wait for dips at or below the yellow support line. Follow me on […]Read More
TMF Support Level Flipped Into Resistance
TMF has lost support below the light blue trendline, and is starting to form a bullish rebound. There was a bullish gap higher today and TMF is trading near the light blue trendline again with this support line now acting as resistance around $48.30. I think this rebound is caused by US bonds rebounding after […]Read More
UNP Rebounds from $230
UNP has been trading in this yellow channel, and has just formed a bullish rebound off the lows around $230. I have $279.50 as my key resistance target at all time highs. I think UNP continues trading within this channel range between $230 and $280 over the next few weeks and months. Follow me on […]Read More