I like this gap up pre market. It's a nice gap and go since it's trapping a upper wick from Friday with huge volume.. And 3 days of red candles. This should run to 130 or maybe even turn in to a nice little swing trade.
AN INTRADAY (4 HOUR TIME FRAME) HIGH POTENTIAL, BACK TESTED SORT ANALYSIS.
1) Stochastic Oscillator Overbought ready for short movement.
2) Trending Channel breakout.
3) Take Profit between 38.2% and 50% Fibonacci retracement.
NOTE: ENTRY RANGE AREA ABOVE THE ENTRY POINT, IS CALCULATED UPON 80% OF THE RECORDED PULLBACK BACK TESTED PAST PERFORMANCES
So another trucker company is going to reporting this week. This company continued to $60 but, flipped around $63.64 and never looked back, I really like this company despite the problem in the oilers. I think this company isn’t going lower I like it here and It’s looked like a buy.