JBHT at key support

Alright folks, today we’re taking a look at JB H T JB HT JB Hunt Transportation Services. And we’re interesting area here on the charts, you can see we are coming back in retesting here, this level that we last saw in October of 2021. Where we really sprung out here causes new all time highs. And we’re coming back now for first touch. So we drill down to the daily chart, you can see this massive selling coming all the way up here from 200, down now to the 165 to 170 area at these key levels. So what we’re looking at is, this area right here, see that we broke out right here was strong, buying strong volume, trade sideways and then came up and made new highs. And now we’ve retreated from these levels. Well, knowing what we know, using our smart market scanner, we’re coming into a bullish time frame you can see here is a nice upward sloping equity curve here just based off trading 100 shares over the last 30 years you can see all this data here 80% win rate over 30 years that is some solid solid trading data that is how we are able to find and locate these types of setups. So are we buying this right now? No, we are waiting and watching for a little bit additional confirmation. We do think it is a good spot to start nibbling in from a longer term perspective. As you can see, we’ve got lots of support down here but we do want to wait and give it a little bit more room here considering the markets are weak overall. But knowing what we know with that seasonal data, knowing what we know about trading at key structure or support allows us to start looking at this more seriously potentially start to nibble into the long side. Once we get our confirmation