I have created this chart based on analytical ideas of Raoul Pal.
The idea of this chart is to show that we can expect a decline in gross domestic product (GDP), based on looking at the rail car freight decline.
We have seen one of the sharpest declines in rail car freight.
On top the leading indicator for the GDP the ISM (from the Institute for Supply Management)...
FREIGHT has a chance of small rebound on both parallel channels if breakthrough 0.91.
Not strong as RSI is below 50.
Take profit anytime with 8-10% profit as it is heading for a retracement.
Long term still long AF on ZIM but it seems we have gone up too fast for a traditional stock and rejected all time highs.
I see a short term correction based on MACD and RSI needing a cool off..
Dips continue to be for buying until something changes on a macro level so I am looking to long support around $44.
Freight market insight
www.nytimes.com
www.reuters.com
This is an update on my long up almost 50% and climbing.. resistance at ATH $49.50 next, then baby resistance at $52ish, then open air to run!
People are now paying $30,000/container this shit is insane - they are gonna crush earnings until the market corrects which is looking like never haha
Despegar.com, Corp., its an online travel company that provides a range of travel and travel-related products through its websites and mobile applications in Latin America. The company operates through two segments, Air; and Packages, Hotels and Other Travel Products. The company offers airline tickets; travel packages, hotel rooms, car rentals, bus tickets,...
Chart says it all. Should trade up into earnings. Once the Amazon engine deal starts paying dividends they'll have some real earnings. I assume this is the first of many orders. Hopefully will use 21-day EMA as support going forward. Natural gas engines are more environmentally friendly so it will help companies reach emission and ESG goals.
seekingalpha.com
Hi. In this 1D chart I've done my first attempt at plotting an Elliott impulse wave and its corresponding correction wave.
If the right shoulder makes itself clear and the correction does proceed roughly as shown it would be a pretty clear sign of a new impulse wave starting.
Any points after (5) are speculation and should be treated as unsure and unfounded...
RSI could cross the center line within the coming week and with the Ichimoku cloud having turned green on the first of march a bullish trend shift could be emerging. The only detriment to this projection is the height of the MACD . If it breaks off the signal and downturns the price could follow and return to bearish.
The long position on the chart is an...
FREIGHT
Rst: 1.29
Spp: 1.17
Latest 3 candles shown the stock reluctance to give up its strength below upper BB, with healthy volume continued to emerge, with support of bullish indicators, further strength will follow.
Sideways trading channel of price action with RVI in the mid-range as well. Volume starting to drop down as we start to enter earnings week. More investors will start to reduce their exposure to risk this week.
After broke $103.8 out, hit the 100SMA and went back below buying point. It hold above 20SMA. RSI is still above the trend line so i would consider to be long after break out of $103.8 again.
12 months Consensus Price Target: $111
if you find my charts useful, please leave me "like" or "comment".
Please don't trade according to the ideas, rely on your own...
Cargo Airlines are taking over the skies. As commercial routes are no longer able to meet the demands of the logistics and transportations supply chain, cargo airlines are filling the gap.
In the end of last year Atlas air looked at ground 3 of its aircraft due to lack of demand with trade war tension and covid-19. As demand for cargo freighter remain high the...
SHIPPING INDUSTRY of EARTH? “Door-to-Door”
“THE LAST MILE” of FREIGHT?
One of the most important ideas in the shipping industry is the idea of “universal balance”. (for example Exports compared to Imports or from an economic-philosophical perspective imbalance in credit or “debt”).
Shipping is perhaps one of the most important industries still here on Earth. ...
XPO is entering overbought areas on the MACD indicator potentially signaling that confidence in the company is regaining. After having been hit dramatically with China and US trade tension now optimism is rising as the need for medical supplies to be distributed has gone up.
