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Old Dominion Freight Line, Inc.Old Dominion Freight Line, Inc.Old Dominion Freight Line, Inc.

Old Dominion Freight Line, Inc.

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ODFL trade ideas

What Is Flowing With The Market? We have all heard that it is a good idea to go with the flow of the market but what does that look like? It's not enough to just read about flowing with the market, it must be practiced and experienced. We must acquire the skill of following markets up and down through its changes seamlessly. A disciplined trading plan will have an objective method and will objectively define entry, stop, exit, and management. Part of any good method is never wondering if the market is going up or down or about to turn, It's doing what it's doing. You want to independently know this information without having to check outside sources. In the video, I show a simple way to practice using a 100-period moving average, but you can use anything you want as long as it is objective and follows the market. With just a few rules we can use the moving average to tell us if the market is up and we are looking for longs, or if the market is down and we are looking for shorts, or if it's neutral and we are neutral. This is a letting go practice, a learning to change with change. Shane
NASDAQ:ODFL
by ShaneBlankenship
Trucking stocks move! LONG!!!Buy the strong ones. This is a good chance to move your account by 7 - 15% in a month!! with a risk of about 3% NASDAQ:ODFL NASDAQ:SAIA NYSE:TFII NASDAQ:ARCB Reasoning Whole Industry is moving! Consolidation seems done Correction is not overextended Good Relative Strength Great earnings RSI tested bullish range multiple times Multiple Bullish Days Always try to use 2 timeframes My Would Be Trade Plan - Try to get into 3 stocks in the sector that are moving. You MUST enter the leading stock because the leading stock always moves 50% more than the second stock in sector - Initially risk 0.75% and then double position once stock moves 5% in your favour. (1.5% position) - If Position moves 20% in less than 15 bars, sell at 7ATR from initial buy ELSE Sell at 4ATR from initial buy - Raise stop to entry when stock is 10% in your favour - If, you have doubled position. Exit if stop closes below initial buy! Else keep original stop Main Sources of My Knowledge Mark Minervini Constance Brown William O'neil Speakers on Trader Lion Youtube Adam Khoo My Indicators 14 Period MFI. 13SMA and 33EMA Moving Averages added Composite by Constance Brown This is for catching failures in the RSI. The RSI is a bounded indicator so sometimes fails to catch divergences. This indicator helps show that Composite Settings Author : Constance Brown (Connie Brown) RSI Length : 14 RSI Momentum Length : 9 SMA Length : 3 Fast Simple Moving Average : 13 Slow Exponential Moving Average : 33
NASDAQ:ODFLLong
by vssebuyungo
ODFL WCA - Cup and HandleCompany: Old Dominion Freight Line, Inc. Ticker: ODFL Exchange: NASDAQ Sector: Industrials Introduction: Today we are studying Old Dominion Freight Line, Inc. (ODFL) listed on the NASDAQ, a well-regarded player in the industrials sector. The weekly chart is indicating a possible bullish continuation based on a classic Cup and Handle pattern that has been forming over the past 608 days. Cup and Handle Pattern: The Cup and Handle is a bullish continuation or reversal pattern that mimics a teacup with a handle on the right side. It's defined by a rounded bottom, followed by a minor pullback that forms the handle. Analysis: The previous trend for ODFL was in an upward direction, which was interrupted by a consolidation phase that manifested as a Cup and Handle pattern, potentially indicating continuation of the bullish trend. The so-called "lip" or the horizontal resistance of the pattern is at 374.41. The price is significantly above the 200-day exponential moving average (EMA), reinforcing the bullish sentiment. Notably, two weekly candles have successfully closed above the resistance level. Conclusion: In light of the successful close of the candles above the resistance, a long position might be considered. In the event of a successful bullish continuation, the price target is projected to be at 515.51, which corresponds to a potential rise of around 30%. Remember, this analysis should be part of a broader market research and risk management strategy and is not direct trading advice. If you found this analysis helpful, please consider liking, sharing, and following for more insights. Wishing you profitable trading! Best regards, Karim Subhieh Disclaimer: This analysis is for educational purposes only and is not financial advice. Always conduct your own research and consult with a financial advisor before making investment decisions.
NASDAQ:ODFLLong
by KarimSubhieh
ODFL.NAS_Bearish Pullback Trade_ShortENTRY: 268.72 SL: 291.45 TP1: 256.98 TP2: 246.65 - ADX>20 - Daily RS -ve - Daily FFI +ve - Weekly RS -ve - Weekly FFI -ve - Short-term downtrending stock. - EMAs are aligned. - Stoch RSI still above overbought area and waiting for it to cross down 70. - Price pulled back to 20EMA and seems to reject support turn resistance area and monthly CPR since 20 Apr 2022. - Entry based on initial >3% bounce from 10/20EMA. - Would like a better closing.
NASDAQ:ODFLShort
by TRADER-WANNA-BE
ODFL offering another great entry before the next leg higher!* Great earnings * Very strong up trend * High 3-month relative strength in the Industrial sector * I last mentioned ODFL when it was about to break out from $304.22 and it has since then moved higher. * Even as the industrial sector was hit hard in the past week ODFL managed to consolidate maintaining its volume. * This indicates that institutions are very interested in this stock. * If the market is rebounding now, we can expect ODFL to continue higher. Trade Idea: * Now's a great time to enter as it's bouncing off of support but hasn't moved too far up. * If you're looking for a slight discount you may look for an entry near the $349.21 area.
NASDAQ:ODFLLong
by HaseebKhan_90
2