The chart is the Ryder trucking It is forming what W.D. Gann and elliot would call A stock which time has come to leave and say thank you . Tbills and TIPS would be the better place for your money. for the next leg of the BEAR
NYSE:R
Ryder is breaking down, looking to see it fall to the Energy Points noted on the chart.
Energy Point #1: April 18th @ $83.50
Energy Point #2: Mid-July to Early-August @ ~ $75
Fat_Fat
Liking the chart for R. In a strong sector showing relative strength. Price has pulled back after a breakout from a broad range. Looking at the green box for an entry. Tight stop below the green box or below the 618 Fib for longer term holds. Targets would be recent high then Fib extensions. As always must have support of broader market. ie do not enter long if...
Ryder stock recently broke out after many years, I would expect it to test $84 before possibly making a new 52 week high which is common after a recently breakout to retrace. If currently short I would ADD $95, $97, $99 and take profit under $88
Weekly chart here for Ryder, daily chart indicating buy through 83, with an add through 85. Would love to see the daily chart consolidate here under 85 for a couple of days finishing with a volume spike through 85 in time. 85 seems to be a huge macro level dating back to May 2021.
$R 4 months cup with handle pullback setup.
It broke out couple weeks ago from handle pivot $82.06 couple weeks ago & pulled back to that level to correct the wedgy looking breakout.
The volume pattern could have been a bit more convincing but this is a decent setup.
First off, please don't take anything I say seriously or as financial advice. As always, this is on opinion basis. That being said, I want to make a few points. Ryder had its recent earnings call today, which overall wasn't positive but still beat many estimates and expectations. Given that, the growth potential isn't as much as it could be, however it shouldn't...
R is leaning down. There are targets within each timeframe. The most promising of which is the daily target of $66.
monthly
indicators are breaking down on monthly. this signals a possible trend break in the near future. That would give a target in the low $50s.
Weekly
all indicators pointing down. price has formed a right leaning H&S. target is in the...
R is now resuming it's down trend after Retrieving up-to 50% Fibonacci level in weekly chart.
Entry confirmation will be breaking down of channel in daily frame.
Entry: 62
Target: 57.63
We are also looking to Buy Nov16, 62.5 put, Currently trading $3.70
