TomProTrader

Ryder Systems: Expect Upmove To Stall For A Reliable Short

Short
NYSE:R   Ryder System, Inc
3
Friends

Ryder would have A LOT of levels to pass to get through all the resistances making it extremely difficult for the move. A lot of bullish participation would be expected. And I can't see it happening, thus, getting this set up. A downside move is likely if we see continued bears monday.

Can I add, That AT THIS POINT IN TIME, the stock is still in uptrend notion, and we need to see confirmation to counter attack the intermediate trend. Lots of reasons why the stock should go downward, but we need to see something new happening.

For interbank traders, Inbox me for test results and P.P, and simulations against trend results.

Regards
Tom