Trying new things here, after identifying a cup w/ handle pattern. Volumes confirm the pattern formation. Furthermore, CARG presented strong EPS growth during the last quarter which confirm previous trend. The company has a new CEO and might be placed to announce another strong quarter. CARG releases Q4'20 information next thursday FEB 11, 2020. Direction to be...
It should want to go tomorrow. Looks ready but, and like always, anything can happen.
Nice bull flag setup to watch heading into next week. Cargurus Inc Cl A (CARG)- PROVIDES ONLINE AUTOMOTIVE MARKETPLACE CONNECTING BUYERS AND SELLERS OF NEW AND USED CARS
CARG - If seems like ABC zigzag correction is under progress. The 4th subwave of 3rd wave up seems finished and price is now in 5th of 3rd of C wave up. If it starts outperforming the SPX today, then it will be good buy for up move with stop level below 31.05. But if it fails to outperform, then may take more time to finish the correction. Give thumbs up if you...
Hey guys, CARGURUS is in an uptrend with a return of executed buy volume and shadow by buyers. The TIMEFRAME M1 makes us observed a marubozu with a large volume of purchases made, she left to test the consolidation zone. Great possibility of breaking out the price thereafter in the zone to go in the second and reach the last preceding one above. That is in a...
Large activity in CarGurus since this name typically trades less than 400 contracts per day. On Dec 11, 5,000 Dec $25 calls closing for $3.40. 5,000 Dec $27 calls bought for $2.00. 3,800 Jan 2021 $29 calls are trading; most bought for $1.55. The golden cross is almost there (50 dma cross over 200 dma). Analyst Davidson gave the stock an upgrade friday. Beware FOMC...
Price crossover with 9MA confirmed, analyst average price target at $29.75.
Hi friends the daily chart of this market shows that it will experience with a high probability an uptrend in the coming days but also we must be vigilant of the change of direction towards the opposite please subscribe to receive new analyzes
Contextual immersion trading strategy idea. CarGurus, Inc. operates an online automotive marketplace connecting buyers and sellers of new and used cars The demand for shares of the company looks higher than the supply. These and other conditions can cause a rise in the share price in the next days. So I opened a long position from $22,93; stop-loss —...
I do not have enough history for both weekly and monthly charts to see if there is previous S/R, the stock may want to bounce off. However, we have an ascending triangle forming in the daily chart and we can notice a relatively strong volume bar at a level below the anticipated breakout. The only way to go long is to wait for a clear breakout and to wait for a...
Go long if it breaks above 28 and stays there....
Weekly Candles showing tweezer double bottom at entry for 5-0 pattern Backtesting Resistance as support. MACD divergence and developing RSI divergence. First target is C point then measured move of Eve & Adam DB Pattern can hit the .618 (currently at .50) If you'd like to support the content check out my Patreon @ ArtofJR
CARG has reached old resistance, on a run-up that is now overbought. To far to fast, i'm looking for it to bounce off its prior resistance level back to $36-37 range. As i believe there is oversupply at these levels.
CARG is forming a head and shoulders pattern on its longer term weekly chart, proving it to be even a stronger pattern. I expect a further breakdown beyond the neckline to a modest level of $28.5 where it will reach its original IPO price which by then will be a good time to get out. The RSI index is also creeping into a bearish zone.