lauralea

Pull Back Fishing Going To Gap?

lauralea Updated   
NYSE:LAD   Lithia Motors, Inc.
Neutral until S established
LAD made a huge move post earnings in July
Broke from a cup and handle pattern with a blast off
I have been waiting on a pull back ever since I missed the move. It went up so far in a very short time, that I was afraid to buy it
I guess sometimes you just miss the move and need to look at another stock. There is by no means a shortage (o:
I would still check in from time to time after I finished beating myself up and not buying this before earnings
I would be out by now anyway, but if this sector is still popular when this one hits support..who knows
Short interest is high and monthly candle is a shooting star.
May pull to gap, but I do not think it is finished pulling back yet.
Neutral for now and could be a while before this one settles in. Hard to guestimate but I think in order for this to be worth it it needs to come down some more Just my opinion and we all have one
NV is high. No rising wedges which is hard to believe
Not a recommendation

Lithia Motors, Inc. operates as an automotive retailer in the United States. The company operates through three segments: Domestic, Import, and Luxury. It offers new and used vehicles; vehicle financing services; warranties, insurance contracts, and vehicle and theft protection services; and automotive repair and maintenance services, as well as sells vehicle body and parts. As of July 29, 2020, the company operated through 190 stores. It also offers its products online through 200 websites. Lithia Motors, Inc. was founded in 1946 and is headquartered in Medford, Oregon.
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Looks like it is trying to find support today
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Monthly candle now a doji
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When this one moves..it moves!
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T 2 127% = 318
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