ODFL faces technical weakness from a moving average crossover and fuel cost pressure, though support at the 61.8% Fib level (~$174) presents a possible long entry.

La next up and lastly ODFL Old Dominion. You got to look at some of these other freight companies if JB Hunt is falling the way it is. And look at this guys. Beautiful time count developing here on the weekly time frame.

Let me simply pull up my fib tools and I'll show you right now. We are into support with the 618 fib retrace.

One thing that I caution you about now, yes, we could be due for a short-term technical bounce that could take us up here to 186.89, this low pivot. However, when I flip on the moving averages, guys, look what occurred right here.

The 50 moving average crossing over uh the 200 moving average, they did actually get in the right position to try to go back higher, but look where price is coming. That is not good, guys.

That is not good. Getting under that 200 moving average, you want to see price get back above that as fast as possible. they were shaping up right here so that we could actually get a bounce and remain positive.

But this selling news is actually pushing it even lower.

So that's why I bring this up to show you that this will work itself out and is trying to push price back up, but with the rising diesel cost, it just can't get there right now.

So that illustrates this level could be a great spot to start getting into the position right around 17415, the 618.

Notice the next level down here at 152. This is a more conservative route as we do have this shelf of support that highlights this top range of this uh price zone at 160. But then the bottom here at 15298 aligns with the 786 fib retrace and depending upon when price gets there might be very close to this bottom edge of the parallel channel. So very very strong support around the 150.

A little bit more aggressive range right here but that could yield a bounce as we see on the daily time frame RSI. We are oversold big time. The weekly not there yet, but at 23.2 on the daily RSI. That is pretty wild on ODFL.