I 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 :)
Not 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.
NASDAQ: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...
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...
Avis Budget Group observed to develop VCP setup with below contraction.
C1: -27%
C2: -16%
C3: -9%
Awaiting a breakout with volume!
Disclaimer:
Trade at your own risk.
95.30 is a very strong level to break, if we do, might see another leg up towards ATH. (Fibs levels in chart)
A break of 95.30 is very important, another rejection could trigger a double top and meltdown
Looks like $CAR has hit a point to where it maybe down trending. It will depend on the EMA crossover of the 5 day, 10 day, and 20 day to be sure. I'm thinking if it crosses above $90 being a point of resistance that it still has room to be bullish to $95 of course still watching the RSI, MACD, and the moving averages. Trade with your stop loss in place. This is my...
Insane run. 1,300% gain in ~515 sessions. Currently sitting on a Sept 17 $90 put but after today's move, thesis likely to change toward a bullish stance. if It breaks out to ATH, cutting my losses and doubling calls. Everyone talks about Tesla's run, but what does Avis do? - They rent death traps. Yep, that's it. SMH. This market is INSANE.
Idea for CAR:
- There is nothing more of a bubble than used car market right now.
- See Technicals on chart.
- Capitulation date Aug 27.
TP1: 46.75
GLHF
- DPT
this company is a turd, the stock is a f ing champ. It's insane how it's trading. Can't logically reason why it's doing this but whatever. this market is dumb. Scalping here for a bit
I've been beating the drum on this garbage; I told you the transports were the biggest f ing wannabe chase in the market today; they led the S&P up, they'll lead them down. Bigger than expected loss into earnings. My guess is that the dummies will still throw money it if the transport ETF catches a bid manana.
You thought TSLA was overbought, this rental turd...
