growerik

KAR Q1 earnings beat

Long
NYSE:KAR   KAR Auction Services, Inc
Kar Auction Services (KAR) reported Q1 March 2021 earnings of $0.45 per share on revenue of $581.6 million. The consensus earnings estimate was $0.12 per share on revenue of $561.8 million. Revenue fell 9.9% compared to the same quarter a year ago. The company said it continues to expect 2021 earnings of approximately $0.87 per share. The current consensus earnings estimate is $0.87 per share for the year ending December 31, 2021. My logic, there is no chip shortage in used cars. lol.

R3 = $18.46
R2 = $17.42
R1 = $16.32
pivot = $15.28
S1 = $14.18
S2 = $13.09
S3 = $12.04

Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...

*3x lucky 7s of trading*

7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet

7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analysts motives
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation

7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books, playing chess
Sorted watch-list

Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
https://www.tradingview.com/u/growerik/#...