CAR has been coiling nice in this wedge pattern, failed to break TL resistance, now at key support. May move to the upside from support to test TL resistance again, breakout over can see 41.50 as short term PT, 48.50 and 50 possibly next if we see a nice base.
Insider buys may be the signal of a brighter future for CAR .
trending within a nice ascending channel let hope
the next touch is to the topside.
worth watching in the days and weeks to come as vaccine news
continues to benefit the industry.
Potential targets as per pivot points .
Insider buy Details
SRS Investment Management, LLC Director Nov...
It is still Too Risky investing in this company. The wisest Option is to HOLD.
Technical analysis might suggest that if the level of 31 USD will not be broken there might be an opportunity for a short term investment to go long as per major trend. The ides is to follow the trend only if the support will not be broken and it applies only to a short term period analysis.
Car back test on support and exit the triangle pattern continues to go up, target opportunities will be at the previous peak.
Car buy : $22.70 - $23
Car target 1 : $33
Car target 2 : $36
Wish you a successful trading!
Hey guys, AVIS BUDGET GROUP in a low volume bearish confuguration one can notice a desperate attempt by buyers. But on the short term MULTI TIMEFRAME 30 15 5 a first sign of reversal and a confirmation on the second. Conclusion we have a good chance of going up on the last precedent above and if the buyers have an appetite for risk. We can fill the bullish gap...
Avis Budget was one of the top “reopening” plays back in May and June, more than tripling from its lows to highs. It’s consolidated since, and now the chart may be lining up for another potential move to the upside.
CAR formed a bullish triangle between mid-June and early August. It broke out of that triangle last week but was over bought at the time. (See ...
