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Feb 8, 2019 9:12 AM

KMX appraoching support, potential bounce!  Long

CarMax IncNYSE

Description

KMX is approaching our first support at 54.37 (horizontal swing low support, 100% fibonacci extension, 61.8% fibonacci retracement) where a strong bounce might occur to our first resistance at 67.25 (horizontal overlap resistance, 50% fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance where we might see a corresponding bounce in price.
Comments
WorldEconomics
Not liking the fact that more Americans are delinquent on their loans more than ever. I think things start looking grim from here
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