Technical: ✅ reached and respected horizontal support ✅ consistent pattern since Feb. 22 ⛔️ CTL not broken yet - could wait for break before entering ✅ Earnings (higher volatility) in about a month - previous bounces reached upper resistance in under 30 days, so should be out of the trade before Earnings announcement on Oct. 27
Market factors: ⛔️✅ Car Retailer - could go lower with current market outlook ⛔️✅ Market could be volatile/bearish today after the FED's interest rate announcement - could wait another day or 2 before placing the trade
Setup NYSE:ABG 1D chart 1% fluff SL under low of range TP on horizontal resistance R/R >3:1