C.H. Robinson Worldwide is heading much, much higherCHRW 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 implementation of strict electronic data logging requirements. These electronic records enforce the cap on the number of hours that U.S. based truck drivers can drive each day/week. Due to this, the supply/demand equation for moving freight is titling heavily in the favor of businesses like C.H. Robinson that benefit from this imbalance. C.H. Robinson is essentially a middle man between businesses needing to move their products and the actual truck drivers who haul the freight. As the truck drivers can demand higher rates, C.H. Robinson's piece of the pie is increasing dramatically. I expect this to show up in a large beat in Q4 revenues and earnings, with quarterly revenues likely to top $3.9 billion for the first time. There is one important question to ask. What will fix this supply/demand imbalance brought on by electronic driving records? The easy answer is more truck drivers, however, retirement rates are currently outpacing the number of new drivers acquiring CDLs. The only real fix I see is driverless trucks, and this is likely 10+ years away. C.H. Robinson seems primed to outperform going forward.
Technical Backdrop: The technical situation seems to be supporting the fundamentals. We have had a long-term consolidation pattern lasting much of the previous five years. CHRW has broken out of this consolidation and moved solidly to the upside, confirming the breakout. On the daily chart, C.H. Robinson consolidated the initial gains from the breakout without much selling pressure. This small consolidation is now looking to break to the upside as well, further confirming the new uptrend in the stock.
Minimum Price Target: $120
Likely Price Target: $150
Stop Loss: $77
From Yahoo Finance :
C.H. Robinson Worldwide, Inc., a third party logistics company, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates through North American Surface Transportation, Global Forwarding, and Robinson Fresh segments. It offers transportation and logistics services, such as truckload comprising time-definite and expedited truck transportation services; less than truckload services; intermodal transportation, which is shipment service of freight in trailers or containers by a combination of truck and rail; and non-vessel ocean common carrier or freight forwarding services, as well as organizes air shipments and provides door-to-door services. The company also provides custom broker services; and other logistics services, including fee-based managed, warehousing, small parcel, and other services. It has contractual relationships with approximately 107,000 transportation companies, including motor carriers, railroads, air freight, and ocean carriers. In addition, the company is involved in buying, selling, and marketing fresh produce, including fresh fruits, vegetables, and other perishable items. It offers its fresh produce to grocery retailers, restaurants, produce wholesalers, and foodservice distributors through a network of independent produce growers and suppliers. C.H. Robinson Worldwide, Inc. was founded in 1905 and is headquartered in Eden Prairie, Minnesota.
Long-term-bullish
PAYPAL GOING LONG!Paypal GOING LONG?
I'm expecting some bullish action on this stock guys, going up to highs of 88.00.
We now have the potential to exceed highs of 84.00 having said this, I genuinely believe that we could reach highs of 92.00 or even higher.
Let's just pay attention to our volume as we're approaching highs of 86.00 if prices break this level with convincing volume, then we could bounce/penetrate our 84.00/92.00 Target!
TP: 84.00/92.00
Which SUPPORT will bounce???? The TA of BTC is showing three possible support lines and the question is when will the bounce come and which support??? Right now the downtrend is looking like the first resistance is around 8400. If it breaks then head upwards. If it hits the resistance and heads down it is more likely that is will find the next support toward 7800-7900. Then if it will break that support next is the 23% Fibonacci Ret support around 7400 which is the most likely! Should it bounce well and good and if not more correction will follow and the next support will be around the 7000 area! Bouncing off the last support #btc should bounce and then head upwards and this will be when the crypto market will be bullish and new money will start to come in and confidence will start restoring gradually with new money pourring in from FIAT. Cryptocurencies are here to stay! BTC will prevail!!!
USD/JPY : Potential Long-Term Bull for the Dollar?This is an opportunity for a long term trade that shows that IF market continues its downtrend to the 102.00 region (Nice round number), THEN there is a strong technical indication that price MIGHT reverse at that level.
Key Technical indications :
(1) USD has seen a downtrend vs JPY since mid 2015, coming of its highs of around 126.000 to current levels around 106.000 .
(2) 50 Day MA crossing Below 200 Day MA (Bearish) .
(3) A potential Bat pattern is forming. All constraints being met, with D-leg completion possibly around or between the 102.000 - 101.000 region (PRZ).
(4) There is confluence between the PRZ and 50% Fibonacci retracement (Taken from low of 75.5000 in October 2011, to the high of 126.000 in June 2015). Note that 50% retracement is not a true Fibonacci number, however, it is clear that the market does indeed
respect this level nonetheless.
(5) RSI has also been on a downtrend, currently sitting around 53.9. IF it extends further down, it COULD reach oversold conditions around PRZ level. This would suggest a possible swing in market direction, supporting the analysis and creating a higher probability of a
successful trade.
Potential suggested Targets:
Target 1: 0.382 retracement of CD (106.00 region).
Previous levels of support and resistance (Major zone of structure).
Confluence with the 0.382 Fibonacci retracement of October 2011 low and the June 2015 high.
Target 2: 0.618 retracement of CD (109.500 region).
Previous levels of support and resistance (Major zone of structure).
Extended targets: A possible level of 114.000 (another nice round number).
Previous region of resistance.
0.236 Fibonacci retracement of October 2011 low and the June 2015 high.
Comments :
This is a good opportunity for traders that are seeking a long-term investment. The market has seen some volatility in recent times between this pair with a few fundamental reasons attributing to that factor. IF the market reaches near PRZ, check on the lower time frames to get closest to the best entry possible.
Keep an eye on this pair for the following weeks to come. Patience pays off in the long run.
Thoughts and comments are most certainly welcomed.
Happy trading!
JP
AppCoins (APPC) Long Position. Breakout, Now Let's Trade.This is the first live trade that I've posted on TradingView. For the sake of transparency, I'm going to post where I entered, the targets that I'm looking for, and my general approach to trading. While I keep about half of my investment in larger-cap coins like COINBASE:BTCUSD and BITTREX:ETHBTC , I do like to roll the dice with some of these lower cap coins. I like BINANCE:APPCBTC for a few reasons.
BINANCE:APPCBTC has been steadily declining for a while now, making it cheaper in comparison to the highs we saw in early January
It looks like COINBASE:BTCUSD is turning upwards, meaning money going into altcoins will go back up just as it did late last year
We saw significant volume on BINANCE:APPCBTC , meaning this could be a P&D, but the price has held for long enough that I don't think that's likely
This is a riskier trade because we still only have a sub $100M market cap, but hey, higher risk means higher reward. Let me also note that I am trading this long, I have no expectations for this trade to take a couple of days, a couple of weeks or even a couple of months, as long as we're seeing growth. As with all trades, let's lay out the numbers:
Buy-in: 0.00009
Stop-loss: 0.000054 (40% loss)
Targets:
(1) 0.00013190
(2) 0.00017043
(3) 0.00019750
(4) 0.00022457
(5) 0.00025806
(6) 0.00031219 (match all-time high)
(7) 0.000405847 (30% growth from 6th target)
My strategy with this is pretty simple. Hold and sell on target. When I choose to sell depends largely on market behavior, but would look similar to:
SAFE
(1) Sell 5%
(2) Sell 10%
(3) Sell 10%
(4) Sell 15%
(5) Sell 15%
(6) Sell 20%
(7) Sell 25%
AGGRESSIVE
(1) Hold
(2) Hold
(3) Hold
(4) Hold
(5) Sell 10%
(6) Sell 50%
(7) Sell 40%
I know that this is different than a lot of crypto traders, who throw money into a trade and hold until it moons. By selling pieces at each target, you (1) lock in gains and (2) secure capital to finance future trades. If you were to do the "SAFE" trade with the targets and the sell percentages that I laid out, you'd be looking at an ROI for right around 110%. If you take the "AGGRESSIVE" trade, you're looking at 182%. Again, it's up to you, but these are a couple of strategies I use depending on market conditions.
I'd like to hear your thoughts on BINANCE:APPCBTC ! Are you also trading it or does this look like a P&D to you? Please comment below, as the more input we see, the more informed we are!
*** This is not a recommendation to buy or sell, this is for educational purposes only! ***
BTC long runOk, here we are again.
We have seen BTC having a very good bullish rally over the last 10 days, but there are still things to consider before we can say we are completely bullish.
- For the next target of the actual bullish short term trend, BTC will have to achieve somewhere around $12K, this, considering the target of the inverse H&S pattern which is put at the same distance the head has to the neckline, but from the broken neckline, once the pattern is confirmed.
- The H&S target will also take us to test the long term bearish trend that started in December 17. From here, as it is a very strong resistance and has failed to broke it in the past, is almost sure we will have a strong retracement to the $8.5K level, which will be the .682 Fibo level of the current bullish impulse, and will also match the neckline support which hasn´t retest yet.
- When we are in the $8.5K, we will have to be very careful and watch closely how the market develops as from here we will define if we are in a bullish market, or the blood bath will get worse and longer. This because, I´m projecting that the bullish rally to $12K and the correction to the $8.5K area will correspond to Wave 1 and Wave 2 of the new bullish cycle.
- The $8.5K area must support strongly as it will be the .682 Fibo retracement of Wave 1, and this is the maximum level of retracement Wave 1 should test, sending the price back up with high volume inside Wave 3 of the cycle, that will have to break the $12K resistance to confirm the bullish trend.
- If BTC achieves to break in a convincing way the $12K area, we will see price going up to the $18K area, and it will be very probable that BTC will reach a new ATH around the $25K area, after having corrective Wave 4.
Levels of the Elliot Wave analysis were projected all considering price resistances, acumulation zones and Fibo extensions.
- If price fails to break $12K in what may be Wave 3, or if it goes below the $7.5 - $8K in the correction of Wave 2, the long term bullish trend idea will be cancelled, confirming that we are inside a bigger correction, this may send price to the $6K area to retest the last dip, and probably lower.
Chinese year will be tomorrow and we may expect fresh money entering the market over the weekend or the next week as have been happening over past years.
Trade carefully.
BTC bullish long-term outlook and correction end (Daily/Weekly)Hello All!
While monitoring the current BTC correction, I stumbled upon a very interesting idea from:
www.tradingview.com
First of all, I analyzed it from volume dynamics point of view. Then I saw some repeating similarities over certain periods of time as well as possible confirmation of classic definition of "previous resistance becoming support (and vice versa)".
Even though, this is not any type of Wolfe waves I'm usually working with, but rather pure speculation of "what if" scenario for me, the more I looked at it the more it felt like a real possibility.
Thus, I decided to share the final result of my research with all of you.
Good luck and great trading to everyone!
Bitcoin - technically very BULLISHYesterday I made a TA to get my own opinion where the bottom for BTC could be.
From a technical perspective the BTCUSD chart looks very bullish to me atm and we also got a small upwards movement since touching these supports. So around 7.5k could have been the bottom. Below a list of bullish signs.
Bullish Signs since yesterday:
- fibonacci retracement level 0.382 support
- EMA 20 on EMA 100 support
- high from 08.11.2017 at 7.9k support
- RSI at around 30 -> historical support
- perfect ABC Elliot Wave correction
If we can't keep the ongoing (small) uptrend, fall back and break through the mentioned supports then we are heading to the very important support zone of 5.5k (trendline support & low of 12.11.2017 at 5.5k support). This could happen if there is even more/worse FUD..
I will keep you up to date regarding this analysis! :)
Feel free to ask questions or comment
BTC Bitcoin long term bullish trendi want to show you my opinion and why iám holding bitcoin.
We had seen a "crash" about the last week and there is also a SKS formation.
I wouldn´t wonder if bitcoin drop again but only in short term!
Long term i see no reason why bitcoin shouldn´t go up when iám looking at the chart.
If you want to support me, feel free to use this address:
138EsXDZVasDSCq3K9xBRYzmhtbPd7dYQS
BTC - LONG TERM PREDICTIONFolks, in the last few days this page has grown a lot for me, when I started a month ago there was nobody anyone evaluating my traders, I was gradually gaining credibility through studies and being assertive in most traders, today I dont ''have'' 25 followers but i ''have'' 25 supporters who have bought this idea to improve certain aspects of our lives.
Well, let's go to the main, analyzing the graph of bitcoin in the monthly chart we can see a great possibility of long term gains with this asset, if the price does not fall well below the $ 7000 the uptrend is maintained, tracing some possible waves of elliot we can see that the asset can reach up to $ 30,000 at the end of the year, and as we all know this possible date is December, followed by a new correction in January, thus forming the correction wave 4 that month towards the end of 2019 we can reach a possible wave 5, reaching the levels of $ 50,000 . This is what I see analyzing the monthly chart.
So I hope you continue with me on this walk, commenting and sharing, I also intend to create a channel in the telegram if this analysis has many likes so we can exchange information and news regarding this new market for cryptocoins.
P.S: This is the view I have on analyzing this monthly chart of the BTC, do not follow it with your eyes closed, analyze it yourself, and draw your own conclusions and teachings, thank you all.
Ford, Mid to Long Term Bullish with Elliot WaveI just learned about Elliot Wave so I decided to try and apply it to Ford. See my immediate preceding two publications for a more in depth analysis of Ford. The very top resistance line I drew (the number 5 spot at the top of the wave) is based off a resistance from about a year ago--December 09, 2016 and January 04-05, 2017. I plan to wait for a bounce off the Number 4 spot ($12.40) before entering a new bullish position. Breaking through the Number 3 spot ($12.75/$12.80ish) will be confirmation to me of a continuing Bullish trend.
I am not a professional. I am not certified or licensed by any individual or institution to give financial advice. I currently have shares of Ford for a long term hold investment.
Why i think the ath for BTC/USD will be around 6100-7200As you can see the flag pole (red lines) has been formed, and has been tanking the past few days to form the flag.(2 horizontal red line). BTC/USDT on Poloniex 1 day chart, has broken out of the triangle and has been moving upwards in the channel. with the RSI in overbought zone. expect BTC/USDT to tank awhile more. and let the MADC do it job.
SWN -> BUY1. Strong daily support;
2. Earnings: +0.18$
----------------------------------
BUY PRICE -> $7.50;
SELL STOP (STOP LOSS) -> $6.50;
TARGET ->$10.50 AND MORE;
buying after breaking 1.3510The Pair was Moving on down trend then it entered an Accumulation phase came as side way between 1.2860 and 1.3510 supported by Positive divergence on RSI and crossing Level 50 in RSI supports The Pair to go up till 1.3510, But as the reflection from level 1.3510 is still possible so It’s preferred to buy after crossing 1.3510 level with 1.4000 as target.