Potential outside week and bullish potential for KAR

6 days ago

Entry conditions:
(i) higher share price for above the level of the potential outside week noted on 14th March (i.e.: above the level of $1.595).

Stop loss for the trade would be:
(i) below the low of the outside week on 11th March (i.e.: below $1.465), should the trade activate.

6 days ago

Trade active

UPDATE (week ending 21-Mar): Trade activated 17th March as share price hit $1.60, with share price closing above both 10 and 30 day MA's at the end of the trading week.

8 hours ago

Note

UPDATE (week ending 28-Mar): Share price appears to be trading between the range of a prior resistance (now support) area of $1.61 from the open of 6th February 2025 and $1.68 from the open of 4th October 2024, whilst closing above both 10 and 30 day MA's at the end of the trading week. Depending on risk tolerance, charts suggest that traders/investors may wish to retain their current stop at the level below the low of the outside week as per initial entry conditions (i.e.: below $1.465) or raise the stop to another prior resistance (now support) area of $1.56 from the open of 3rd February, which aligns well with the recent test of the 10 day MA on 18th March.

Ivory_Wolf

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Ivory_Wolf

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