200ma has been a key area of support-turned-resistance as JBHT now looks to be in a downtrend. Recent rally showing declining volume has approached this level, and %R showing overbought. Looking for a reversal candle in the next couple of sessions to short.
Comments
damdaman
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Exited at 71.90 to avoid earnings volatility.
damdaman
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Reversed as expected. I shorted at 73.95, target is support level around 70.