We have all heard that it is a good idea to go with the flow of the market but what does that look like? It's not enough to just read about flowing with the market, it must be practiced and experienced. We must acquire the skill of following markets up and down through its changes seamlessly.
A disciplined trading plan will have an objective method and will...
The ODFL stock looks ready to break the weekly convergence, notice the low volumes in the trend correction and the continuous rising trend, waiting for a breakout and entry after the possible breakout that will happen in the US interest rate decision
Potential buy/long.
Old Dominion Freight Line, Inc. is an American regional, inter-regional and national less than truckload shipping company. In addition to its core LTL services, the company offers expedited, logistics and household moving services.
Price climbing back inside the rising trend line with positive analyst expectations. Areas plotted to look out for, combined with daily and weekly moving averages to be used as S/R confluences.
The price were actually been consolidating for a while as you can see in the charts its a bit trendless and there is a potential for it right now to go bullish breakout the price are a bit above on kijun-sen while tenken sen is pointing upwards ready to cross the kijun sen and follow the price meanwhile as you can it was inside the cloud so there may be a bit...
Buy the strong ones. This is a good chance to move your account by 7 - 15% in a month!! with a risk of about 3%
NASDAQ:ODFL NASDAQ:SAIA NYSE:TFII NASDAQ:ARCB
Reasoning
Whole Industry is moving!
Consolidation seems done
Correction is not overextended
Good Relative Strength
Great earnings
RSI tested bullish range multiple times
Multiple...
Company: Old Dominion Freight Line, Inc.
Ticker: ODFL
Exchange: NASDAQ
Sector: Industrials
Introduction:
Today we are studying Old Dominion Freight Line, Inc. (ODFL) listed on the NASDAQ, a well-regarded player in the industrials sector. The weekly chart is indicating a possible bullish continuation based on a classic Cup and Handle pattern that has been...
I like ODFL long from the grey box. Targets would be the recent high and Fib extensions. Short term stop below box and longer term stop below the 186 Fib RT.
$ODFL in Trucking has that dragon head setup look to it. 🐉🐲
$360 area is weekly support that didn't hold. Watching to see how it builds back up to that supply.
The PEAD projected a bullish outlook for $ODFL after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 44.44%.
The PEAD projected a Bullish outlook for $ODFL after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 60%.
ENTRY: 268.72
SL: 291.45
TP1: 256.98
TP2: 246.65
- ADX>20
- Daily RS -ve
- Daily FFI +ve
- Weekly RS -ve
- Weekly FFI -ve
- Short-term downtrending stock.
- EMAs are aligned.
- Stoch RSI still above overbought area and waiting for it to cross down 70.
- Price pulled back to 20EMA and seems to reject support turn resistance area and monthly CPR since 20 Apr...
Market just finished 1-5 Elliot Wave Theory Upwards and is on it's way to complete ABC Correction to the opposite direction, we are expecting market to bounce at 235 zone because it is 38.2% fib zone, and an institutional candle zone, after the bounce we are expecting price to reach our target which is at B point of an ABC correction.
Entry: 235
Invalidation:...
* Great earnings
* Very strong up trend
* High 3-month relative strength in the Industrial sector
* I last mentioned ODFL when it was about to break out from $304.22 and it has since then moved higher.
* Even as the industrial sector was hit hard in the past week ODFL managed to consolidate maintaining its volume.
* This indicates that institutions are very...
* Exceptional earnings year-over-year
* Very strong up trend
* Looking to break out of a ~2 month consolidation
Trade Idea:
* Look for a daily break and close above $304.20 before entering.
* Make sure that the break is with higher than average volume
