2024-05-22 Strategie
1. Pattern: buttfly short
2. Impuls: 12345 + abc = short target $230.00 in 4H cart
3. Candle: hammer candle = long - for backtest?
4. Channel: no
5. Resistance/Support: the correction resistance has a break out
6. Trend: short
7. Brake out: yes on resistance
8. Febo´s: correction until 61.8%
9. EW: EW Impulse short - target $259.00 / 23.6%...
I'm going to remain fairly neutral in my analysis because I'm not sure where this goes.
There are support trends
but they all lead down in price.
Indicators could use a slight price correction, but will then be in alignment for a move to the upside.
Click on the notes to view labeled stuff.
price targets are labeled
390 is the high and the low is around 170
That...
Trend Line formed along previous structure enabling a support for future price
This is shown perfectly with the bars pattern structures in white
A sharp bounce from the trend line
This is the Weekly chart for LAD with possibilites of heading for a new ATH following this bottom
Bullish on LAD earnings tomorrow.
Using data collected from Lithia dealer websites to predict Lithia's unit sales before earnings is released tomorrow.
The white graph is aligned (almost) to each year/quarter.
Q over Q New and Used unit sales have declined due to an industry wide inventory shortage.
With inventory supply for New and Used vehicles starting to...
$LAD 3 months cup with handle needs few more days of tightening under that $380 level for me to get interested. Putting it on our radar for now so you can watch it develop too.
Chart is weekly,
b bands are 13 weeks with 2 std dev.
linear regression is 52 week and 1 std dev.
Could fall more, but showing signs of being oversold (Williams %R).
Watch out for end of quarter (June 30th) selling pressure, and further weakness in sympathy to a broader market pullback (if any).
For week 25, considering a half position as trade, particularly...
I've posted about $LAD last weekend and updating the setup for this week. The stock is up an amazing 400% percent from its March covid-19 low and now seems to be setting up for a breakout to ATHs.
Contextual immersion trading strategy idea.
Lithia Motors, Inc. operates as an automotive retailer in the United States.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $246,76;
stop-loss — $232,04.
Information about take-profits...
Neutral until S established
LAD made a huge move post earnings in July
Broke from a cup and handle pattern with a blast off
I have been waiting on a pull back ever since I missed the move. It went up so far in a very short time, that I was afraid to buy it
I guess sometimes you just miss the move and need to look at another stock. There is by no means a shortage...
