Trade it in, Auto Trader. AUTOAuto Trader is heading for a final leg in a downward impulse. Clear picture on the Elliott, backed up by indicators on the daily. Good luck!
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
Autotrader
WTICOUSD Technical Analysis📉 WTICOUSD Technical Analysis by CeoCodes
👋🏼 Hello Traders, Welcome to Technical Analysis for WTICOUSD live chart to track latest price changes & predict price movements.
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Follow Ceo Codes 🎖
CURRENT LEVELS:
🟡 Key Support➔➔ 70
🟣 Resistance➔➔ 73
🎯 Target➔ ➔ 72.90
(Levels From Chart)
CURRENT EVENTS:
Oil broke through a months-long trading range as expectations of tightening supplies in the U.S. compounded signs the world’s largest oil-consuming country is in the midst of a robust recovery. Looking at the four hour chart, the price is consistanly breaking highs in previous trading sessions.
👉🏼 Here is the @CeoCodes technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the @CeoCodes strategy will trigger.
Thank you! 🙏🏼
Have A Great Trading Day!
Ceo Codes
AUTO AutoTrader going UP AutoTrader is my favourite website for buying/selling new or used cars/trucks/vans
The stock is showing strength now.
Now that the UK Coronavirus lockdown is easing people might start using the website even more
lets see if we can find a wave 5 up
Target will be price levels to the left marked with horizontal line.
CYBER ENSEMBLE performance on the 15mins timeframe.But the CYBER ENSEMBLE indicator still works the best on the 3hrly for BTC (or 2/4 hrs depending on market phases -- just do a comparative back-test for maximum confluence of recent price actions/trends ); where the more erratic price movements during low liquidity phases tends to be averaged/smoothened out. See:
However, it is sometimes useful to go down to lower (e.g. 15 mins timeframes) during fast price movement -- like with the recent BTC pump.
Let Auto Trader Stock Be On Your WatchlistWith AUTO stock price briefly tested 78.60% Fib level, it is evident it is most likely will re-test in the near future. The online auto trading company is doing great only the fear of the virus is suppressing its stock price. Put this on your watchlist as a long term buy opportunity around £320.
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
ELASTOS (ELA:BTC) is still conforming to the ascending channel.ELASTOS (ELABTC) is still conforming to the ascending channel (Note: Log-scale).
Possibility of ca. 100% gain (similar to the ICX breakout) if it is able to pierce and hold above 0.000269 BTC? Need to continue to monitor. High risk, but potential high reward.
Continued analysis from:
Need careful risk management and protecting profits so far (I'm using my own script "Volatility {RCVI} Stop-Limit Selector") to decide suitable stop limits.
Testing performance of Cyber Ensemble Strategy on a model Stock..with the Squeeze Test insensitivity increased to 40.
Performs well even with 0.15% commission.
For best results with my strategy scripts, the parameters needs to be optimized and back tested for a particular chart and timeframe.
Default settings were optimized for Bitcoin (BTC) on the 6hr chart (but appeared to perform well at selected lower timeframes, including the 30mins timeframe).
Cyber Ensemble Strategy -- Base on a complex interplay of different conventional indicators, and an assortment of my own developed filtering (prune and boost) algorithms.
Cyber Ensemble Alerts -- My attempt to try replicate my strategy script as a study, that generates Buy/Sell Alerts (including stop-limit strategic buys/sells) to allow autotrading on exchanges that can execute trades base on TV alerts. This project is a work-in-progress.
Cyber Momentum Strategy -- This script is based on my pSAR derived momentum oscillators set (PRISM) that I personally rely on a lot for my own trades.
The "Alerts" version of this will be developed once Cyber Ensemble Alerts have been perfected.
PRISM -- pSAR derived oscillator and its own RSI/StochRSI, as well as Momentum/Acceleration/Jerk oscillators.
Buy Auto Trader - Correction over?BUY – AUTO TRADER (AUTO)
Auto Trader Group plc is a digital automotive marketplace. The Company is engaged in the business of buying and selling new and used vehicles. The Company also operates similar business in Ireland through its Website carzone.ie.
Fundamentals
Auto Trader is forecast to post a rise in earnings of 12% in the current year. This follows three years of consecutive double-digit net profit growth, which suggests its business may be relatively resilient within what is a highly cyclical automotive sector. The company is in a dominant position within its industry with virtually no competition.
Best Broker Target Price: 640p (Liberum Capital 09/07/2019)
Worst Broker Target Price: 414p (JP Morgan Cazenove 17/07/2019)
Technical Analysis
Auto Trader has traded in a corrective channel since reaching all time highs in June this year. The corrective move appears to have stalled around the 38.2% Fibonacci support level which is from the October 2018 lows to the June 2019 all time highs. A bullish outside candle has been posted on the daily chart, which is positive for short term sentiment. The break of the corrective channel indicates the move lower has come to an end the long term trend can now reassert itself.
Recommendation: Buy
Buy between 515-540p
Stop: 505p
Targets: 600p