WE LIKE THE TRANSPORTSTFI International looks good. A lot of transports stocks look good here.
But, I don't think you can rule out another sell-off. It was very important the S&P and NQ rallied right before the end of the month, and if they can rally again that would go a long way to re-establishing some faith.
I think we should get to that level of confidence by the end of June. We're a month away.
I'm not sure that the market has seen a sell-off, or if we're in for a sell-off. If the market were to get down in the next 3-4 weeks, I would not be surprised. We'll see.
I'm not sure that the market has seen a sell-off, or if we're in for a sell-off. If the market were to get down in the next 3-4 weeks, I would not be surprised. We'll see.
9TF trade ideas
$TFII - Strong Bullish Turn - HA Morning All,
Strong Trend change on the Heikin Ashi candles for $TFII.
1. The Stock is OVERSOLD (see the RSI on the chart).
2. The Red candles length shortened before changing to green 2 days ago (MOMENTUM CHANGE INDICATION).
3. Yesterday's green candle was a strong/long length.
4. A previous resistance has become a support.
5. The company Financials are positive with good PROFIT and hit all EARNING targets Year on Year.
I am not a financial advisor, this information is for educational purposes only. Do your own due diligence before buying stocks.
Your Capital is at risk.
I bought @ 85.66
I will Sell @ 110
My Stop Loss is @ 79.50
Disclaimer
When using the Hiekin Ashi candles to swing trade like I do, hold the stock for 7-14 days or until the bullish green candles stop.
DO NOT LOOK AT THE DAILY PERCENTAGE CHANGES AS THIS WILL DISCOURAGE YOU.
If the Hiekin Ashi chart still shows green candles for your move, hold onto the stock.
TFII (TFI Int. Inc) - Bullish Quarter AheadTFI International Inc. is in the transportation and logistics industry. The Company identifies strategic acquisitions and manages a network of subsidiaries. It operates principally in the United States, Canada and Mexico. TFI International Inc. is based in St Laurent, Canada.
Analysis/Commentary
Strong EPS and Sales Growth Y-on-Y
Based on the study of the previous quarterly earnings reports and subsequent price moves:
- Expectation for the price to move to MID or HIGH point during the quarter
- Trailing stop-loss on price above MID point
- Heiken Ashi candles bullish
- FAST and SLOW MACD's already crossing and diverging, bullish
PLEASE LIKE & COMMENT.
GOOD LUCK.
DO YOUR OWN RESEARCH!
Lower oil prices in mid term will benefit trucking companies.TFI International is North American transportation and logistics leader, partnering with a diverse group of customers in the US, Canada and Mexico. The stock, TFII now trades in New York (as well as Toronto). Fuel is a large component of cost structure. I'm accumulating on down days in the market.
Canadian trucking beneficiary of protest blockadesThe stock has been pumped due to recent share issue so some 'settling down' taking place, but earnings should shoot up as rail in Canada was shut down by blockades (protesting gas pipeline) forcing customers to switch to trucking. Lower fuel costs and new NYSE listing should cause stock to rise in coming months.