New setups
Union Pacific Corporation-(UNP/NYSE)-Long Idea
Union Pacific Corporation operates in the United States railroad industry through its subsidiary, Union Pacific Railroad Company. The company provides transportation services for various commodities, including grain and its products, fertilizers, food, refrigerated products, coal, renewables, petroleum, liquid petroleum gases, and construction products. Its clientele includes grain processors, animal feeders, ethanol producers, agricultural users, and other relevant industries.
The above weekly chart formed an approximately 20-month-long H&S bottom chart pattern.
Within this pattern, the horizontal boundary at 240.4 levels acts as a resistance.
A daily close above 247.6 levels would validate the breakout from the 4-month-long H&S bottom chart pattern.
Based on this chart pattern, the potential price target is 303 levels.
UNP, classified under the "industrials" sector, falls under the “Large Cap - Value” stock category.
Plains All American Pipeline, L.P.-(PAA/NASDAQ) - Long Idea
Plains All American Pipeline, L.P., and its subsidiaries are involved in transporting, storing, and gathering crude oil and natural gas liquids (NGL) through pipelines in the United States and Canada.
The above daily chart formed an approximately 3-month-long ascending triangle chart pattern as a bullish continuation after an uptrend.
The boundary at 16 levels acts as a resistance within this pattern.
A daily close above 16.48 levels would validate the breakout from the 3-month-long ascending triangle chart pattern.
Based on this chart pattern, the potential price target is 18 levels.
PAA, classified under the "energy" sector, falls under the “Large Cap - Income” stock category.
nVent Electric plc-(NVT/NYSE)-Long Idea
nVent Electric plc globally designs, manufactures, markets, installs, and services electrical connection and protection products. The company is divided into three segments: Enclosures, Electrical & Fastening Solutions, and Thermal Management.
The above daily chart formed an approximately 3-month-long Cup & Handle chart pattern as a bullish continuation after an uptrend.
The horizontal boundary at 59.1 levels acts as a resistance within this pattern.
A daily close above 60.8 levels would validate the breakout from the 3-month-long Cup & Handle chart pattern.
Based on this chart pattern, the potential price target is 74.7 levels.
NVT, classified under the "industrials" sector, falls under the “Mid Cap - Value” stock category.
Blackstone Secured Lending Fund-(BXSL/NYSE)-Long Idea
The Blackstone Secured Lending Fund is a business development company organized as a Delaware statutory trust on March 26, 2018. It operates as an externally managed, non-diversified closed-end investment fund.
The above weekly chart formed an approximately 2-month-long ascending triangle chart pattern as a bullish continuation after an uptrend.
The horizontal boundary at 28.75 levels acts as a resistance within this pattern.
A daily close above 29.6 levels would validate the breakout from the 2-month-long ascending triangle chart pattern.
Based on this chart pattern, the potential price target is 30.38 levels.
BXSL, classified under the "financial services" sector, falls under the “Mid Cap - Income” stock category.
Frontline Plc-(FRO/NYSE)-Long Idea
Frontline plc, a shipping company, is involved in the global seaborne transportation of crude oil and oil products. The company owns and operates tankers for both oil and petroleum products.
The above weekly chart formed an approximately 2-month-long H&S continuation chart pattern as a bullish continuation after an uptrend.
The horizontal boundary at 23 levels acts as a resistance within this pattern.
A daily close above 23.69 levels would validate the breakout from the 2-month-long H&S continuation chart pattern.
Based on this chart pattern, the potential price target is 28.75 levels.
FRO, classified under the "energy" sector, falls under the “Mid Cap - Income” stock category.
Okta, Inc.-(OKTA/NASDAQ)-Long Idea
Okta, Inc. delivers identity solutions to enterprises, small and medium-sized businesses, universities, non-profits, and government agencies globally, including in the United States.
The above weekly chart formed an approximately 5-month-long rectangle chart pattern as a bullish continuation after an uptrend.
The horizontal boundary at 91 levels acts as a resistance within this pattern.
A daily close above 93.73 levels would validate the breakout from the 5-month-long rectangle chart pattern.
Based on this chart pattern, the potential price target is 122 levels.
OKTA, classified under the "technology" sector, falls under the “Large Cap - Growth” stock category.
Emlak Konut GMYO-(EKGYO/BIST)-Long Idea
Turkish real estate investment trust. The primary focus of Emlak Konut GYO is on real estate development and investment projects in Turkey. The company is known for its residential and commercial real estate development involvement.
The above daily chart formed an approximately 9-month-long ascending triangle chart pattern as a bullish continuation after an uptrend.
The horizontal boundary at 9.73 levels acted as a resistance within this pattern.
A daily close above 10.02 levels validated the breakout from the 9-month-long ascending triangle chart pattern.
Based on this chart pattern, the potential price target is 17.9 levels.
EKGYO, classified under the "real estate" sector, falls under the “Small Cap - Income” stock category.
Follow-ups
Applovin Corporation-(APP/NASDAQ)-Long Idea
You can click the APP ticker above to access the first report explaining the RATIONALE behind the trade idea.
Nucor Corporation-(NUE/NYSE)-Long Idea
You can click the NUE ticker above to access the first report explaining the RATIONALE behind the trade idea.
Marathon Petroleum Corporation-(MPC/NYSE)-Long Idea
You can click the MPC ticker above to access the first report explaining the RATIONALE behind the trade idea.
Energy Transfer LP-(ET/NYSE)-Long Idea
You can click the ET ticker above to access the first report explaining the RATIONALE behind the trade idea.
Church & Dwight Company, Inc.-(CHD/NYSE) - Long Idea
You can click the CHD ticker above to access the first report explaining the RATIONALE behind the trade idea.