The_Patterns_Guy
Short

#R #stock #short

NYSE:R   RYDER SYSTEM INC

R is leaning down. There are targets within each timeframe. The most promising of which is the daily target of $66.

monthly
indicators are breaking down on monthly. this signals a possible trend break in the near future. That would give a target in the low $50s.

Weekly
all indicators pointing down. price has formed a right leaning H&S . target is in the upper $50s.

Daily
Here again you can see the H&S in the price action. You can also see the right shoulder has formed an upside down flag. A price projection into the $66 area.
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