Bull trap. Short

CARCLO ORD GBP0.05LSE

Description

⋅ Sep 4, 2017 1:03 PM

Despite breaking 168p resistance, CAR has failed to move higher.
Today confirms the price's weakness.
If only it were that easy!

PS: probably rejected at its 200 EMA

Comment

⋅ Sep 7, 2017 1:51 PM

And today a poor trading update is a fundamental nail in the bullish boffin.