Trade ideas
Avis CAR heading down soon?Based on historical movement, the peak could occur anywhere in the larger red box. The final targets are in the green boxes. The pending bottom should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated SELL on March 18, 2022 with a closing price of 278.865.
If this instance is successful, that means the stock should decline to at least 276.66 which is the top of the larger green box. Three-quarters of all successful signals have the stock decline 2.741% from the signal closing price. This percentage is the top of the smaller green box. Half of all successful signals have the stock decline 5.867% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock decline 11.846% from the signal closing price which is the bottom of the smaller green box. The maximum decline on record would see a move to the bottom of the larger green box. These are the same concepts for the levels in the red boxes as well.
The ends/vertical sides of the boxes are determined in a similar fashion. The trough of the decline can occur as soon as the next trading bar after signal close, while the max decline occurs within the limit of study at 40 trading bars after the signal. A 0.75% decline must occur over the next 40 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 6 trading bars; half occur within 18 trading bars, and one-quarter require at least 32 trading bars.
The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement.
As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).
US Stock In Play: $CAR$CAR displaying volatility contraction since Q3 ER. have a very defined 4-months DTL with flattening RS and KMAs since late January.
today $CAR is on track for its 5th up days in a row, remaining above all its KMA to rising 10/20 MAs since breaking out of the DTL last week.
$CAR IHNSpretty clear inverse head & shoulders. could be the catalyst it needs to send back to previous highs
$CAR diagonal supporttrying to knife catch $CAR, this diagonal has been resistance twice and now possibly support
breaking out up to the 5th wave and then sell offwill like to short it around 280 based off of elliott wave and trend analysis
Can AVIS sustain its up moves...?Here we have our $AVIS chart.
After news reports flying it to astronomical highs, It has since come back down hard.
This is because a stock can only go so high before it comes crashing down, as Sellers rush in to take advantage of the price, if they can borrow shares..
It is likely to drift further down back into reality, given its current Forecasts/Fundamentals.
MA's are yet to catch up but will drift slowly until the price is back at a point that is comfortable for buyers.. and worth it to invest.
Hype only lasts so long and when it is gone, Sellers MOVE IN.
Utilizing the weekly chart with MoxieUtilizing the weekly in conjunction with the daily,
we can see how one could have been involved
with CAR long before last week's meme status.
Here we use the higher timeframe for direction,
with the lower timeframe for the "setup".
Nothing new here, just applied
in the use of Moxie as an indicator.
Hope this provides some insight(s).
#CAR short via vwap analysis #car Yearly vwap average price paid is merely 118, this is trading at 3 std deviations above average price and is the closest thing to free money the market will ever give you. Extremely overbought, outside and above every metric you can look at for the case of underweight, this is a strong sell and short opportunity. Fundamentals cannot support this massive move either. Option premiums are still a little messed up from the high IV so I would recommend shorting shares if you can otherwise pick otm puts. Price target of 200 within the next 2-3 months. "your risk is your own, not financial advice"
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Avis earning after melt up short openI opened 410 dollar short position until 350 dollar. Because there was a huge raising after the earnings report.
Avis car brutal right now. :) If you see I see :)
RIP SomeoneNot sure who just blew up on this but I'm assuming we will find out in the coming days! Obviously if you have any of this dump it immediately, don't be greedy.
CAR- reversal candle doji that finally comes after crazy uptrendNASDAQ:CAR
Some short signs:
1. The RSI index which is already a month above 70 !! And today at 83.21
2. The stock in 7 consecutive days of gains (and after more than a month of rising trend)
3. The stock does not have too much reason for these rises, the company is profitable and everything is good but there were no significant surprises and news
4. The stock closed the previous week with a doji candle which is a reversal candle.
CAR short trade This looks like it's setting up a good opportunity. Whenever I see hyper strong moves in a market I also get interested in fading them, but since I've always done that I've learned it's usually a much better idea to wait until that goes really badly for some people first. Typically it's better to be the last bear than the first. And part of what I look for in this is for there to have been an obvious bear trap and take-out of those shorts. When I see this, I like to look for short opportunities into the 161 level and my stop goes behind the 220.
If we see a top here, it's possible we get a hard 50% down before a bull trap forms on CAR.
CAR: Ascending Triangle (56%), confirmedCAR, ascending Triangle, confirmed
Price target = 150$
Stay humble, have fun, make money!
