Hyre Car CMP - $3.36
Looking bullish in higher time frame. One can go for Positional Trade Setup with the following entry, exit & targets.
Buy Range $3.36 - $3.50 / Stop Loss $2.90
Target 1 - $4.75
Target 2 - $7.00
Target 3 - $10.00
Disclaimer: This is my view and for educational purpose only.
Interested in sharing your car for profit? This may be the company. I am looking at the weekly chart here as it seems more relevant in it's price movements. It looks like we are currently in a flagging pattern as pointed out on the chart. The daily looks too messy to get a clear view but this weekly looks very strong to me. I have made what I think are important...
Background
Have you ever gotten into an Uber and wondered how this driver afforded such a sick ride? Lots of times they are driving as a second job or in retirement. But other times its because of rental companies that will rent their fleets of cars to drivers rather than have them sit idle on a lot.
HyreCar has created the gig-economy service to service the...
HYRE is one of those stocks that IPO'd the last few years, this is why I bought into it and why I'm looking at it through the long term perspective. Again, everything I say shouldn't be taken at face value. That being said, the ride share market is growing. Infact, comparatively, if you looked at stocks like Uber's market growth for example, yes, Uber was hard...
Generally in my trading method I use the Simple Moving Average.
I bought at 3,77 the stock when the prices dropped on the 200 daily SMA.
If I try to count the waves probably is started a huge III major wave.
I'm in and right now the gain is +20% in 3 days.
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URGENT: Past pick $HYRE forming #DoubleTop w/ #BearishDivergence! Starting to look like a GOOD PLACE to SHORT, however be sure to #LADDER in those orders at RESISTANCES!
HYRE channel 2.58 - 4.34 in play above 2.79
- Ranged resistance should start acting as support now above 2.58 - 2.79 range
- With a close above this 2.79 we should see bullish continuation towards top of channel at 4.34
- We have a stronger mid range resistance at 3.72 that will need to be observed as it attempts to cross
HyreCar, Inc. engages in the operation of a peer-to-peer car-sharing marketplace. Its services allow car owners to rent their idle cars to ridesharing service drivers. The company was founded by Anshu Bansal and Abhishek Arora in September 2014 and is headquartered in Los Angeles, CA.
NASDAQ
