hahaha this stock is way overbrought.
this needs to go back to 100 lol
Is up 72% this week so far, largely due to the meme trade who slammed the short-sellers. CAR just reported a super quarter, too.
Utilizing the weekly in conjunction with the daily,
we can see how one could have been involved
with CAR long before last week's meme status.
Here we use the higher timeframe for direction,
with the lower timeframe for the "setup".
Nothing new here, just applied
in the use of Moxie as an indicator.
Hope this provides some insight(s).
#car Yearly vwap average price paid is merely 118, this is trading at 3 std deviations above average price and is the closest thing to free money the market will ever give you. Extremely overbought, outside and above every metric you can look at for the case of underweight, this is a strong sell and short opportunity. Fundamentals cannot support this massive move...
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I opened 410 dollar short position until 350 dollar. Because there was a huge raising after the earnings report.
Avis car brutal right now. :) If you see I see :)
Not sure who just blew up on this but I'm assuming we will find out in the coming days! Obviously if you have any of this dump it immediately, don't be greedy.
NASDAQ:CAR
Some short signs:
1. The RSI index which is already a month above 70 !! And today at 83.21
2. The stock in 7 consecutive days of gains (and after more than a month of rising trend)
3. The stock does not have too much reason for these rises, the company is profitable and everything is good but there were no significant surprises and news
4. The stock...
This looks like it's setting up a good opportunity. Whenever I see hyper strong moves in a market I also get interested in fading them, but since I've always done that I've learned it's usually a much better idea to wait until that goes really badly for some people first. Typically it's better to be the last bear than the first. And part of what I look for in this...
Avis Budget Group observed to develop VCP setup with below contraction.
C1: -27%
C2: -16%
C3: -9%
Awaiting a breakout with volume!
Disclaimer:
Trade at your own risk.
95.30 is a very strong level to break, if we do, might see another leg up towards ATH. (Fibs levels in chart)
A break of 95.30 is very important, another rejection could trigger a double top and meltdown
Looks like $CAR has hit a point to where it maybe down trending. It will depend on the EMA crossover of the 5 day, 10 day, and 20 day to be sure. I'm thinking if it crosses above $90 being a point of resistance that it still has room to be bullish to $95 of course still watching the RSI, MACD, and the moving averages. Trade with your stop loss in place. This is my...
