Amerco the parent company of Uhaul in America a large transport company.
Logistics and transport have been a massive player in current economical situation so these companies are not to be overlooked.
Noticed a lot of inside buying going on with the CEO's recently so took a position on a punt before the break out of the major descending consolidation.
ENTRY = 300 - 305
1st Target = .5fib @ 330
2nd Target = 618fib @ 355
HODL Target = 365+
This content is for informational and educational purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
This content is for informational...
Demand at 320 has held going back to February of 2015.
If that level fails to hold, the next level of support is at 260, 18% to the downside.
What is the probability of a permanent loss of capital?
How much of my capital am I going to put at risk? 1%, 3%? You have to make this decision. Remember, deep drawdowns are hard to come...