The stock has reached lower trendline and may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby. Risk Reward Ratio - 2:1 SL is placed below support zone & the lower trendline. The target is placed near resistance.
S&P500 futures show weakness. Buying is not what it used to be and the technical wedge that was giving it support has broken. Due to the nature of this uptrend there is very little support to be found in the local area. If we break any meaningful moving averages a significant pullback is not improbable. Due to the transportation sector's nature of closely...
III | Thailand SET Index | Transportation Sector | Price Action | Chart Pattern Estimated Target for Uptrend - Previous High Breakout Pattern > Strong volume support with downtrend rejection candlestick - clearing previous ATH selling force > Substantial Banker Volume support > Banker Fund Flow RSI still on high side. > Banker KDJ continuing on the rise. Always...
I don't remember publishing this chart. However, it looks like price reached the 50% retracement of the previous high and even went on to test the 61% fib level. Although price could be setting a resistance here, I believe this is a solid company and am setting up a new buy target for a longer move towards the retracement of 88% down the road. Price does look as...
The top three commodities in trans-border truck shipping are computers and computer parts, electrical machinery and vehicles and motor parts. Other industries that rely on truck freight include grocery and retail, eCommerce, construction and agriculture. All commodities listed have had increased demand especially during Q4 (Holiday season).
tran stayed above it's 100 moving average on the weekly from 2012 to 2020, its giving up now on recovering back above it.
It looks like we are currently at a high that has broken the previous high since August 23rd. I want to wait until price gets closer to my 20 (red) and 50 (orange) ema's It seems as if we started trading above the 200 ema after we had bearish candles that broke under temporarily where it reached and rejected a strong support level of around $29. Between Dec 2020...
Let's be honest, United Airlines is well known name throughout the Airline Industry. For decades, they have been well established domestically and foreign. Looking at their balance sheet, a few thing that stood out to me was how astonishing of a COVID hit they've taken. A negative eps of 25.30 is something I would normally run away from without looking back!...
RCL | Thailand SET Index | Transportation Sector | Possible Wave 2 of Grand Supercycle - TP 107.50 Stop Loss Conservatively 40.00 (EMA200) First Buy: 44.00 Second Buy: golden cross EMA10 Third Buy: cross up EMA20 or breakout downtrend channel of trade Key indicators: > Truly aggressive Banker Share Volume turned green and Smart. > BBD signal about to cross up...
Little late to the party on this one. Starting in May 2021 the transports started to diverge from broad market indices. Over the last two weeks that divergence has reversed a bit, but worth keeping an eye on this.
Bearish price action of UAL has been on my radar for a hot minute. Long-term support held in mid-July, followed by a break from the channel. RSI divergence suggested a possible reversal, leading to a second bounce at the long-term support. We now have the third bottom at this ascending support, a bullish signature. We can now see the enclosing triangle and...
This could be good news - or bad news. Watch the divergence between the the S&P and two transportation indices. Some will see something and some will see nothing. Pain usually awakens the senses. Get ready for pain. Did I say when pain in coming? How would I know? I hung out my clothes from the washing machine to dry in bright sunlight this morning. Then...
The descending triangle could be confirmed. After the breakout on the downside, a bearish trend continuation could be established. For this, however, the current trading range would have to be exited to the downside. A breakout would activate a new price target at around $80.33. In the past 15 years the stock tends to be bearish between end Jul till end of Aug....
*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* My team has been following truck transportation company $YELL for the past...
The wave structure and cycle which was due to make a low due now has come in we will now see a new up leg and it will be lead by DOW TRANS But a warning if the djt only rallies back to a 50 to 618of this drop the last 5 weeks then a major CRASH will beset as I think into oct 10/20 .ALSO on oct 11 I will not be posting for about 6 weeks major reconstruction of...
UAL has been tracing out a choppy symmetric triangle since March 2021, and has also obeyed the key ascending support since the Covid meltdown of Mar-May 2020. UAL is now testing that key support again, and 3 distinct scenarios could play out. (1) Immediate upside bounce, (2) Re-test the $50 support and recover, i.e. false break-down, or (3) fail the re-test and...
The Healthcare sector, Utilities sector, and Transportation sector - here represented by the S&P Health Care Index (S5HLTH, in blue), Dow Jones Utility Average ( DJU, in purple), and the Dow Jones Transportation Average (DTX, in orange) - do not usually act as early indicators against the broader market (here represented by the DJIA in gray, and the NASDAQ in...