Have spent hours and hours crawling through the various indexes of the world during this seemingly never ending uncertainty for possible opportunities. The result? Opportunities that could makes gains in Crypto seem mediocre are plentiful.
Following a 100% correction from $425k (really??) to $1. 40 and oversold condition (shocker - orange columns), there now exists an ‘incredible buy’ opportunity.
Currently there is an incredible 8 year in price action, most visible on the above chart. This divergence also includes a significant increase in .
On the fundamentals, ‘YRC Worldwide’ is a holding company for which a number of freight / logistics companies operate in the US. The above divergence has occurred at the same time freight demand appears to have bottomed out but now appears to be turning around. There is an interesting report from McKinsey (link below) on the US freight and logistics industry.
On a side note: Of all the ideas I’ve recently discovered (many not yet published) they are all pointing towards internal markets becoming more self sufficient. Heavy industry, chemicals etc. This idea and others like support that economic direction the US and other countries like the UK appear to be taking.
Lastly the 10-day chart bellow shows the divergence in a little more detail. is above 50 =
On the 10-day chart below price action approaches the 50-week EMA, we will see what happens when we get there.