As we see, here is a nice shoulder-head-shoulder formation coming to bring us profits. if the neckline breaks, we do have an entry, if not, dont worry, next chance is just round the corner
give this thing a few more days, and see if its a false or a real breakout! If its real, go and long this bad boy, if its false, take a quick short swing ;-) To me, it looks like massive breakout after this very long consolidation. Give me replys!
KNX falling down from its oscillating resistance, also looks like break of a small upward wedge. We can see divergence with money-flow, and money-flow going down sharply. We think it will decline from here. On the fundamental side Transportation sector is on the weak side & recent big Insider selling makes it perfect for short. Break of 28 will be a good short...
channel, has broken above it. Continuation next week might be good news for transports
RSI bounce favors upside, MACD still points lower
Knight Transportation has formed a giant Ascending Triangle (purple) pattern. The catalyst that can drive this stock higher is that an improving U.S. consumer (as evidenced by earnings beats last week from Amazon, Dunkin Donuts, Domino's Pizza, etc) and improving U.S. economy in the 2nd half of 2015 will push up demand for trucking transportation services. The...
An appropriate short targeting the 0.382 fib which is also close to the 50 day Simple Moving Average (SMA). Candlestick pattern is also bearish which has occurred at a triple top. Furthermore the OBV has continued to fall despite the push upwards indicating a lack of sincere accumulation. A stop above the triple top is appropriate.
many names driving off the road lower so far this year, 200sma in sight , include $SWFT $CNW $WERN