Technical analysis or historical analysis, for TrueCar. TRUE touched resistances at 10.40 later with a huge loss gap of -27.71% leaving TRUE with a value of 7.74 just on 6 days, creating panic selling.
On indicators RSI is oversold, a volume of 1,975,451, short float is 12.86% (low).
Entry: Breaking new resistance above 2 cents, between 7.95, 7.90.
Potential Bearish Butterfly
This chart is posted on our free blog.
Have to clear the 15 dollar handle.
PRZ at approx 15.60
Can be played long with caution on the way up and traded short at PRZ
We only set a T1 at where it's traded now for this trade but will most probably make an ABC correction back at where it's traded now. We choose only to trade it up and...
This stock is gaining traction and has a nice pattern on weekly and with the breakout and santa rally has moved well. You can take the trade now within 5% of breakout or wait for a sell off test of the breakout area. Either way one to watch. As long as using good risk mgt you can take advantage of moves...