Like a shiny bright Dodge Charger ready to fly and meet gravity. Operating income peaked at 500M in the midst of an auto bubble. Sitting on 5.4B in debt with higher rates. $66 looks better. Otherwise this goes sideways indefinitely.
There is a long accumulation zone. There is two option : 1 breakout with trend continuation 2 a fals breakout and a big dump/crash What do you think?
$AN - Auto & Truck Dealerships after 6 mths, $AN still remains in my actionable watchlist at $126.45. the prolonged period of consolidation from its ATH in Oct'21 turned this into a very attractive position trade proposition. price tightening into triangle range since April
Auto Nation ( NYSE:AN ) Sector: Retail Trade (Specialty Stores) Market Capitalization: $6.427B Current Price: $114.84 Breakout price: $118.10 Buy Zone (Top/Bottom Range): $109.60-$96.90 Price Target: $142.80-$144.00 Estimated Duration to Target: 399-407d Contract of Interest: $AN 1/20/23 110cc Trade price as of publish date: $20.10/contract
Bull flag setup, trigger candle. Only hold if shows some strength or stays near entry.
$AN has been in my WL since nov'21 throughout its decline. eps and sales growth is impeccable, there is nothing to fault by the look of both QoQ and YoY growth RS flatten from late dec, diverging from declining price. this week broke out of wedge. to reclaim VWAP for entry.
ENTRY: 119.12 SL: 109.38 TP1: 132 TP2: 136 - ADX<20. Would like to be higher. - RSI>50, <70 - Maintaining well at pivot point "P". - Entry based on breakout from VZ yesterday. - Strength meter turned green indicating strength. - 21 Jul 2021 and 17 Sep 2021 shows high volume green candle and retracement under lower volume which indicates buyers in control. - 21...
ENTRY: 119.12 SL: 109.38 TP1: 132 TP2: 136 - ADX<20. Would like to be higher. - RSI>50, <70 - Maintaining well at pivot point "P". - Entry based on breakout from VZ today. - Strength meter shows weakness and entered with lower risk. - 21 Jul 2021 and 17 Sep 2021 shows high volume green candle and retracement under lower volume which indicates buyers in control. -...
Market is insane and I am just riding with the ridiculous "pumping" trend. My target is very close to my "small profit taking strategy". Greed, but not too greedy. Just remember, there are still plenty fish out there.
AN has been in a near term uptrend for the last 10 days. It just bounced off the trend line and is setting up for an entry if it breaks above 127.35.
Dear followers & copiers, 💎We've just opened a LONG $AN (AutoNation) position using 3.10% of our equity. 💎 Why we bought the stock?🙋♂️ ✅AutoNation delivered better than expected financial performance result for the fifth consecutive time in its Q2 2021 Earnings report. 🥇The company has managed to diversify its portfolio of products very well throughout the...
AN was still very strong during the little #SPX500 correction. It is now trading ATH with high volume on breakout. Looking for an entry point, a pullback is necessary.
dealerships weren't doing great pre-pandemic, then everyone needed a car to travel. The chart says it all. Amazing picture of demand. But now everyone jetting jabbed, flights are getting booked, less people driving to vacay with $3/gallon gas, and Uber is getting back online for commuters. I personally think dealerships are in their last months/years. As new...
JP Morgan Downgraded its ratings, Some insider selling
Chart says it all 33.xx was the double bottom and has passed a strong resistance. Tax season is here and numbers would be great. Bill Gates has a great amount of shares in this company and hey they might partner up with TSLA. Hit like if you are agree with the chart and I would love to see other peoples opinion. Stay positive.