Formed a great inverted H&S and retested the neckline with a solid bounce. Would look for this to continue to the 92ish range. Play with the Jan 19 '24 - 87.5/90 Bull Call Vert for better rish/reward.
CHRW nice VCP Pattern breakout of 100 zone resistance. Call buyer whale MAY 105 and 110 strike , about $1.8M in premium. Bullish confluence in indicators, EMAs opening and trending up. Price Targets $113 and $119 - .5 and .618 FIB levels
Based on historical movement, the peak could occur anywhere in the larger red box for which we are due. The final targets are in the green boxes. The pending bottom should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated SELL on October 19, 2021 with a...
Here you go, a great trading opportunity based on level of rollback, waiting for the stock to make a false breakdown first ❤️Please, support our work with like & comment!❤️
CHRW is approaching our first resistance at 92.75 (horizontal swing high resistance, 61.8% Fiboancci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 85.96 (horizontal swing low support, 50% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance.
CHRW is approaching support at 81.02 (100% Fibonacci extension, 50% & 38.2% Fibonacci retracement, horizontal overlap support) where it could potentially rise to its resistance at 93.09 (61.8% Fibonacci retracement, horizontal swing high resistance). Stochastic (89, 5, 3) is approaching support at 2.12% where a corresponding bounce could occur.
CHRW is likely going much higher in the future. The 3rd party logistics business is breaking out to all-time highs after consolidating for much of the last five years. Fundamental Backdrop: Changes in the regulatory environment of the U.S. freight business are taking a enormous % of truck driver driving hours off the road, due in large part to the...
Now this week's new Trade Idea of The Week is in CH ROBINSON (CHRW). We decided to enter a bullish position in one of our watchlist stocks, CH ROBINSON. We entered this trade on the long side at $92.94 and we have already made some gains today. This is a great setup that we loved to play called a squeeze. This is where the price consolidates and then starts to...