Transports: Consolidating during market downturn
Technical
20sma is being supportive, but it is recommended to keep your stops somewhat below the average.
A close below $190 would be a bearish warning.
The broad market has been taking a downturn over the past week. The Transportation industry has been consolidating, showing relative strength over the rest of the market.
Fundamental
While the white house cannot get it together to pass the fiscal stimulus, transportation could be a gainer as it is likely they will spend on Infrastructure.
20sma is being supportive, but it is recommended to keep your stops somewhat below the average.
A close below $190 would be a bearish warning.
The broad market has been taking a downturn over the past week. The Transportation industry has been consolidating, showing relative strength over the rest of the market.
Fundamental
While the white house cannot get it together to pass the fiscal stimulus, transportation could be a gainer as it is likely they will spend on Infrastructure.
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。