Based on my analysis: 1. LOW breakout down trendline. 2. MA20 cross MA 50 & price above them. 3. Stochastic bullish bias. 4. I expect CHRW will reach 99.20 USD. Syeikh Hafiz Stock Market Analyst
"Behind every successful trader and investor, there is a lot of unsuccessful years." - (Nayakone)
Hey guys, final update for the week, I exited the pair $CGC vs $CRON and entered a new pairs trade long $CHRW vs short $EXPD, this pair has a profitable history and looks good technically right now. I ended the week up and expect market volatility to increase over the coming weeks into the election, I've left a lot of powder dry ready to take advantage of the...
Interesting trade here opening up, and here is an article worth reading on them: finance.yahoo.com
price above key levels and above 20,50,100,200 moving averages
Hey traders, CH ROBINSON WORLDWIDE is in a bearish configuration, according to the several purchase volumes of the last 4 days, great potential for a reversal this time. Its looking to go on its last higher where otherwise the buyers will buy again one last time to give a certain angoumment and fell back the following day. Please LIKE & FOLLOW, thank you!
Markets are looking bullish at the moment and things are going up again. This crash in the market have given us some good opportunities to buy good quality stocks at great discounts However it is difficult to predict if the current bullish momentum is just a dead cat bounce, or if the market is actually going to rally to all time highs Therefore it could be a...
I like the way this looks. Overbought and MACD looking good on smaller tf. Black lines are possible resistance points.
CHRW is approaching our first resistance at 92.75 (horizontal swing high resistance, 61.8% Fiboancci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 85.96 (horizontal swing low support, 50% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance.
In the near future, CH ROBINSON STOCK WILL HIT ONE MORE ALL-TIME HIGH BEFORE THE ITS BIG CRASH. But for now, it's heading south to 80 to complete its impulse before any move up
CHRW is approaching support at 81.02 (100% Fibonacci extension, 50% & 38.2% Fibonacci retracement, horizontal overlap support) where it could potentially rise to its resistance at 93.09 (61.8% Fibonacci retracement, horizontal swing high resistance). Stochastic (89, 5, 3) is approaching support at 2.12% where a corresponding bounce could occur.
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.