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.
Stop loss: -2% below the new resistance.
Target: 10.18. (+28.73%)
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.
Stop loss: -2% below the new resistance.
Target: 10.18. (+28.73%)