*investment opportunity*
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 bullish divergence in price action, most visible on the above 3-month chart. This divergence also includes a significant increase in volume.
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.
$2.87 is current support. 1st target is $100k. Yup you read that correctly.
www.mckinsey.com/ind...d-to-the-next-normal
Lastly the 10-day chart bellow shows the divergence in a little more detail. RSI is above 50 = bullish
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 bullish divergence in price action, most visible on the above 3-month chart. This divergence also includes a significant increase in volume.
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.
$2.87 is current support. 1st target is $100k. Yup you read that correctly.
www.mckinsey.com/ind...d-to-the-next-normal
Lastly the 10-day chart bellow shows the divergence in a little more detail. RSI is above 50 = bullish
Comment:
YRCW ticker has changed to YELL.
Comment:
90% return in only 2 months - not bad. Bitcoin managed 64% in the same period.
Action to take: Stay long!
Action to take: Stay long!
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: www.patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: www.patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR