UNITED RENTALS - BULLISH SCENARIO
Bounce back in the construction activity and huge amounts of federal infrastructure spending in the coming months are suggesting strong earnings for the sector and especially for United Rentals Inc, which is the largest equipment rental company in the world, serving its customers through an integrated network of over 1,100 rental locations in the U.S. and Canada.
From a technical point, we have a double bottom, with bullish RSI divergence and retest of the breakout.
The first strong resistance is located at 0.5 Fibonacci.
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From a technical point, we have a double bottom, with bullish RSI divergence and retest of the breakout.
The first strong resistance is located at 0.5 Fibonacci.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
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