Avis Budget rallied in the fourth quarter on a value-driven short squeeze. It’s calmed down since but now may be showing some interesting patterns.
First, consider the bounce off the 200-day simple moving average (SMA) on February 24. That could suggest the longer-term uptrend remains in effect.
Second, notice how prices have stayed in a tight channel since...
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...
$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.
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...
Utilizing 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 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...
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