UHALAmerco the parent company of Uhaul in America a large transport company.
Logistics and transport have been a massive player in current economical situation so these companies are not to be overlooked.
Noticed a lot of inside buying going on with the CEO's recently so took a position on a punt before the break out of the major descending consolidation.
Days later we had the massive push to 660 and have been trending up since.
Looking for this level to break soon and see another push.
UHAL
UHAL - Set-UpUHAL AMERCO
ENTRY = 300 - 305
1st Target = .5fib @ 330
2nd Target = 618fib @ 355
HODL Target = 365+
This content is for informational and educational purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
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This content is for informational and educational purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
UHAL - AMERCO - Weekly - Long/Short Consolidation pattern forming on Uhaul, could go long or short. Wait for break to buy with volume increase. Pattern subject to morph.
U-Haul is holding support at 320Technically Speaking
Demand at 320 has held going back to February of 2015.
If that level fails to hold, the next level of support is at 260, 18% to the downside.
Risk
What is the probability of a permanent loss of capital?
How much of my capital am I going to put at risk? 1%, 3%? You have to make this decision. Remember, deep drawdowns are hard to come out of, the number one rule in my book is to limit the downside.
Quote
"Great spirits have always encountered violent opposition from mediocre minds"- Albert Einstein
