CarMax ( NYSE:KMX ), the pre-owned vehicle giant, faces a bumpy road ahead as it misses analyst expectations for its fourth-quarter results and pushes back its long-term financial targets. The company's shares took a nosedive, plunging as much as 13% in premarket trading.
Blaming ongoing vehicle affordability challenges and inflationary pressures, CarMax (...
NYSE:KMX stuck at a crossroads! After a triple bottom tease and a failed retest of support, is CarMax finally ready to break free? We're hovering right at resistance now, but the 50 and 200 SMA are offering some serious bullish encouragement. Buckle up for a potential breakout towards $120 if bulls can muscle through!
If you haven`t sold KMX before the previous earnings:
Then analyzing the options chain and the chart patterns of KMX CarMax prior to the earnings report this week,
I would consider purchasing the 80usd strike price Calls with
an expiration date of 2025-1-17,
for a premium of approximately $13.40.
If these options prove to be profitable prior to the earnings...
Imagine you're in a marketplace where you can buy items wholesale (at a lower price) and then sell them retail (at a higher price) to make a profit. For stock trading, think of buying wholesale as buying stocks when their prices are low and selling retail as selling them when their prices are high.
Here's the breakdown:
- Wholesale prices for the stock of company...
Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 74/61.80%
Chart time frame : C
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : B
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance. Our...
Trading idea - Entry point > 74/61.80%
Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 74/61.80%
Chart time frame : C
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : A
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise...
Fundamentals / Background: This company has financial difficulties and is not well-poised in this environment with depreciating value of inventory, and lots of it, with consumer strength weakining.
Technicals : Currently, Sell. Specific shorts at the 20DMA $72 range with a short add at $68. Additionally if the stock immediately rejects initiate short at break...
Analyzing the options chain and the chart patterns of KMX CarMax prior to the earnings report this week,
I would consider purchasing the 79usd strike price in the money Puts with
an expiration date of 2023-9-29,
for a premium of approximately $4.00.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking...
AT A GLANCE
Simplistic Analysis: buy wave up to the channel line.
Trade Type: Touch & Go don't wait for a close.
Research Depth: technical glance only.
Earnings Anticipations: positive surprises for EPS & Revenues.
Earnings confidence on a scale of 1-5: 3
On KMX as you see on the chart we are in an uptrend. So we will have a continuation of the uptrend if only if we have the breakout with force the resistance line by a big green candle with a large green volume. In other hand, we will have a reversal trend (downtrend) if we have the breakout with force the vwap indicator and the support line by a big red candle...
NYSE:KMX is at a decision point. The setup is there but will we get the breakout from this point. I will be watching it’s next true move with volume to determine it’s true direction from here. NYSE:KMX could be worth a place on the watchlist.
Analyzing the options chain of KMX CarMax prior to the earnings report this week,
I would consider purchasing the 78usd strike price in the Puts with
an expiration date of 2023-6-30,
for a premium of approximately $3.30.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion...
KMX has formed a triple bottom and is looking for another bull move towards the upper trend line in white.
A triple bottom is a very bullish pattern and i have shown the results with the bars pattern tool.
I expect a move up towards the white line.
falling cycle -48.81% more than 10 days.
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This data is analyzed by robots. Analyze historical trends based on The Adam Theory of Markets (20 moving averages/60 moving averages/120 moving averages/240...
