The Rectangle is just one piece of the puzzle. See the full technical breakdown.
Sideways movement between parallel supports.
Bearish continuation pattern.
Gradual reversal from bearish to bullish.
Bearish continuation if preceding move was down.
Traders are watching C.H. Robinson (CHRW) as price action tightens. The stock is trading at $168.51, up 2.18% on the day. Our AI has detected a valid Bearish Flag pattern. Volume is average (1.02x avg) with moderate trend strength (1.7). A potential breakout level is identified at $159.96, targeting $106.16 with support near $174.89 (R:R 3.6).
What is your outlook on CHRW?