Where one stock in an industry goes up its competitor or similar companies in other markets might also go up. This can be described as a phenomenon of "sympathetic trading" or "sympathy moves" . In the stock market, a sympathy move is when the stock price of one company moves in tandem with the stock price of another company in the same industry. This happens...
CAR.ASX up to 1+SD (Take profit line) of the current mean (golden line). Could see price reject or accept profit target unclear how the price will react to this level hence my take profit. May re-enter long if the break of TP+12pts or vice versa.
ADL trend is up while price action is trending down - bullish divergence.
Price today at 21.99 took out the pivot point (resistance) at 21.51. Closed higher than previous day on above average volume. It did form a doji and going ex div tomorrow so could potentially pullback.
It is also in a low vol profile region and can potentially move up quickly until it...
Text me if you have any questions/comments for me.
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CAR
- Previous video analysis was done on 30 Sep - Suggested waiting for successful rebound to $26 levels before plotting entry
- Instead, the stock continued to show weakness and has now closed below the mid-term support
- If the structure has yet to break, there definitely is a big tear in the...
Text me if you have any questions/comments for me.
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CAR
- Previous analysis was done on 13 Sep - Suggested waiting for successful rebound at 25.75 levels before plotting entry
- Today’s price action with above average volume looks good
- If you missed the previously suggested entry, current levels still provide good opportunities
- R is less than...
CAR
- Previous analysis was done on 1 Sep - Suggested waiting for a successful rebound and entry around 26 levels
- Today’s price action is good albeit slightly below the daily average volume
- Created new all-time high
- R is borderline 10%
- Strategy-to-buy (DYOR) – Suggest entry at current levels if believe the stock is capable of creating new highs
CAR
- First time doing a written analysis on CAR
- Has a history of good uptrends over the years
- Recent price action since mid-Aug has seen the stock gone up quite far from the short-term support
- I was hoping to see a stronger pullback to the short-term support for a better setup for entry
- This week’s price action shows signs of a reversal and the stock...
High probabilty trade here with 15% + upside. On the technical side the chart is showing a bullish ascending triangle, whilst on the fundamental side management have put in place strategic cost cutting measures. Should be some tailwinds as well once the lockdown eases.
ASX: CAR
The share bounced off Weekly Support.
In H2 Chart, we see a nice breakout at 38.2 fib.
We may look tomorrow for any lower price entry to increase the R:R.
So far stop loss would be at 6 percent and TP (at 50% fib) would be 7%.
Partial Profit close is also an option to target more profit at 61.8 Fib.
Carsales has been having a nice steady run, up 55% over the last 12 months. Could be worth a watch.
Carsales.com Ltd. engages in the operation of online automotive, motorcycle and marine classifieds business. It provides car buying and selling services in Australia. The company also provides provide online advertising solutions to media agencies and its clients,...
Carsales has endured the same fate as many tech stocks in October and like the degenerates we are, we're here looking to catch a falling knife.
The stock traded in a nice channel for a full year before breaking down. Take note of the point of control where most volume has taken place in this time period, if this was an overreaction we have a target to get back...
