joeburridge
Long

Long CHRW above support

NASDAQ:CHRW   CH ROBINSON WORLDWIDE INC
This daily chart of CHRW is straightforward. Resistance, once broken, becomes support. The move from 60 to 100 was a clean break through resistance at 80, followed by a simple 50% correction. Initiating a long position at 90 with the intention of holding for as long as price stays above 80. Initial profit target at 110 for a 2:1 reward-to-risk ratio.
good call on this. Too bad I this was not on my radar. Looks like 100ish is the new resistance.
Do you think its going to cross that ?
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