$CAR Looks like it has broken it’s up sloping trend line and so far, today wicked through what may be a support area. It is also below 8 and 20 EMA (blue) / SMA (black). The 50 day (red) is just below and is close to the lower possible area of support around the $238- $239 area. I’ll be looking to take this one short next week if it continues to weaken. TBD. Ideas, not investing / trading advice.
Comment:
The Red 50 is an EMA. It wicked thru the 50 SMA today...
Trade active:
I took this trade yesterday 6/22 when it broke below previous day low. In at $154.45 with my stop close by. Not giving much room for error.
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.