TrueCar deserves a chance

NASDAQ:TRUE   TrueCar, Inc
Almost 80% below the July 2017 peak.

89.73% institutional ownership.

It comes completing a reverse head and shoulders pattern (bullish).

Some of its institutional holders include BlackRock, Vanguard, Renaissance Technologies, State Street and Morgan Stanley.

It improved its income in the last quarterly report.

Its accumulation/distribution indicator is rebounding at the same level, it could indicate a possible bottom with the subsequent rebound (higher demand and injection of money).

It has a strong support level at $3.80.

It could reach 9-10 dollars this year or even more if the outlook for this company turns out to be more favorable.

"TrueCar Inc. engages in developing and publishing an online automotive information and communications platform. It enables users to obtain market-based pricing data on new and used cars, as well as to connect with its network of TrueCar certified dealers. TrueCar, Inc. is based in Santa Monica, California."


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