Looking at NASDAQ:PRTS it appears to have formed an inverted cup and handle formation on the 1d. It has also formed a Supply Zone close to the demand zone. bringing the FVG to a low. Once this breaks 7.43 i expect it to rocket upward out of a short squeeze.
broke horizontal support
Setup:
NASDAQ:PRTS 1D chart
SL placed above last pullback
enter with limit order @ low of range level
TP @ level of previous resistance turned support from 2019/20
The company is experiencing improved margins as well as record sales growth. This is a good way to keep investors interested in the stock during this difficult time. A standard car will now last approximately 12 years or 200,000 miles. We'll need spare parts.
PRTS is forming a nice pullback (on decreasing volume) after a big jump due to their announcement on increasing EV parts. IV has jumped substantially so people are anticipating a big move from here. A jump to the mid to lower twenties is my pt.
CarParts.com Launches First Electric Vehicle & Hybrid Focused Shopping Hub
This week launched a new dedicated shopping hub for the hybrid, plug-in hybrid, and electric vehicle (EV) community. The ecommerce retailer is transforming the way drivers shop for auto parts, so naturally, building an online store for EVs and hybrids is the next big investment in the...
Clear evidence of a symmetrical triangle on the verge of breaking out. I believe the bullish trend leading into this triangle should be a indication of breakout to the upside, however we should also be aware of the potential downside. Breaking below the bottom support of this triangle could lead to a correction testing support at around $ 9.00 - Breaking out above...
finally started moving upwards step by step within its channel, the speed maybe sooner than later. Nicely inline with technicals from overbought position in short term.
