This daily chart of CHRW is straightforward. Resistance, once broken, becomes support. The move from 60 to 100 was a clean break through resistance at 80, followed by a simple 50% correction. Initiating a long position at 90 with the intention of holding for as long as price stays above 80. Initial profit target at 110 for a 2:1 reward-to-risk ratio.
CHRW is likely going much higher in the future. The 3rd party logistics business is breaking out to all-time highs after consolidating for much of the last five years.
Fundamental Backdrop: Changes in the regulatory environment of the U.S. freight business are taking a enormous % of truck driver driving hours off the road, due in large part to the...
Now this week's new Trade Idea of The Week is in CH ROBINSON (CHRW). We decided to enter a bullish position in one of our watchlist stocks, CH ROBINSON. We entered this trade on the long side at $92.94 and we have already made some gains today. This is a great setup that we loved to play called a squeeze. This is where the price consolidates and then starts to...
The forecast is based on alfazens' algorithmic analysis using Artificial Intelligence and big-data.
For extended/complete forecasts see: www.alfazen.com
I did $CHRW two years ago and today $CHRW going to get a update so I see on the weekly chart , I see anywhere from $48-60 range overall if we are putting together specific time range like late July until now? But let’s continue everybody who learned technical analysis from a book will say oh we are seeing M,W,U, patterns and what not. Ok interesting enough to...
After the price movement down under the support line, it turned back with 2 bullish candles. If Dec 14, open higher $62, open Long with Stop Loss @61.3.
