What do you think about the situation right now with CAR stock?
Avis Budget Group Inc. (NASDAQ: NASDAQ:CAR ) recently unveiled its fiscal fourth-quarter financials, stirring both anticipation and concern among investors. While the company surpassed profit estimates, the stock stumbled in after-hours trading, leaving many to ponder the underlying reasons behind this downturn. Analysis of Financial Performance: A deeper dive...
It looks bullish as it entered above the yellow trend line, it could hit 230 as long as it stays above the yellow line. It could retest high 170s before its leg up. It it falls below the yellow line, then its more bearish.
A strong bullflag has formed Currently it is above some major trend lines so ill assume it will breakout above these lines, as indicated by the bars pattern Daily chart The bullflag is in the channel.
When I look for bearish patterns,I like to look at multiple timeframes.bCAR looks like a perfect bear flag, but the longer term uptrend makes me cautious about playing it.
Looking at the CAR Avis Budget Group options chain, i would buy the $205 strike price Puts with 2022-11-4 expiration date for about $4.10 premium. If the options turn out to be profitable Before the earnings release, i would sell at least 50%. Looking forward to read your opinion about it.
$CAR - broke out from multi month base in October, and beat earnings expectations in November. Now tightening up in a flag pattern. Watching for breakout.
Something is going on in CAR and HTZ stocks, something worth watching for a good swing trade. It is strange to see JP Morgan's 231 price raise just one week before earnings. I am reading articles about travel declining, relative to the boom in 2021. Gas price has risen, along with general travel-related costs (food, lodging). I do not know if someone is "playing"...
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They are about to invoke chaos after strategically placing nested price (%)-doubling bifurcations and period-halving bifurcations in place. Prerequisites for navigating this chart: you have to be familiar with Feigenbaum and Hopf, I do not walk through the math because this is a prediction - not a free recipe for the exact technique. Prediction: - gap up...
The purpose of this post is to define a setup that I have backtested and am now seeing for a ton of names in the market. I'm going to kill 2 birds with 1 stone and also make a forecast for CAR near term. I'm not sure if there is already a conventional name for this setup, if so let me know! Otherwise, I'll be referring to it as a "swivel": Rules: - Let x.l be...
$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....
Break of structure Waited for pullback on 30 min brought puts on continuation below 30min pullback candle.
The PEAD projected a Bullish outlook for $CAR after a Bullish over reaction following its earnings release placing the stock in drift B with an expected accuracy of 40%.
Let the world hear these words once more: "Save us oh lord, from the wrath of the Norsemen."
Interesting correlation. I see $CAR as essentially just trading leveraged used car prices, but I was unaware how close used car prices correlated to lumber prices. Makes sense in some regards, little in others.
Next earning in August so there should not be much surprises for price to increase heavily. Likely to gradually drop alongside the broader market.
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