Perfect Technicals for a Bull Market

Apr 17, 2019

I trading this the other day in an out for a 2-3 day scalp. Trucking has been a fairly robust relative strength industry lately. Yesterday YRCW closed right on the 200, Today it opened on the 200, fell down to the 50 on the nose, then finished near the high until the closing power hour when everyone liquidated. This is a perfect cup and handle on the daily.. Its up 225% since the christmas eve low, and still seems to have good volume and headed for a 3rd touch of 8.40ish.

Apr 17, 2019

Note

If it clears the 8.65, it's got 8.85ish and then 9.60.

Apr 17, 2019

Note

It's a cup and handle from October until now, another cup and handle from Feb 25 until now, and had a double bottom formation on March 8 and March 21 at 6.50ish.

Apr 17, 2019

Note

Other stocks in the Trucking industry that are setting up include BEST, SNDR, ODFL, KNX

Apr 17, 2019

Note

This could also go out of business...lol!

finance.yahoo.com/news/three-yrc-units-could-disappear-151341067.html?.tsrc=rss