Long Trade on UNL Based on Technical Support
about 2 months ago
Kevin Muir
"I would argue $7 probably will not be violated on the bottom end of the range, so you might consider buying a small position in UNL and holding through a consolidation phase until a technical breakout occurs."
Based on technical analysis of UNL, the speaker identifies a support level at around $7 and suggests initiating a long position. The implication is that UNL, a tradeable energy instrument, has formed a technical bottom with the expectation of a rebound once the basing formation concludes.
Scores
Alpha Potential
7.5/10
Novelty
7.0/10
Credibility
7.0/10
Timeliness
7.5/10
Overall
7.5/10
Sentiment
Bullish
Conviction
Medium
Tier
Market Context
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Episode Information
Episode:
FOXES & HEDGEHOGS (Guest: Jacob Shapiro)
Source:The Market Huddle
Published:
September 6, 2025
Idea Type:
Sector Trend