RNO Renault ready for 40% gains (29 EUR)On 7/30/2020 both JPMorgan Chase & Co. and Goldman Sachs Group Set Price Target for RNO stocks to €29.00.
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CAR
Valeo - Benefits from the stimulus plans and raised outlooksValeo recovered 78% from the drop initiated mid February. The share price increased sharply after the announcement of the stimulus packages to the automotive industry accross Europe. Barclays has just raised their share price target to 30 euros. Worth looking into buying on a pullback towards the 22 euros support line with a target near the 28 euros resistance.
CARMAX ($KMX) 🏎️ | Save Your Marriage Using Only Carmax🚗 CarMax (KMX) slayed it last earnings season. While projections are grim this quarter due to the COVID slowdown, the longterm bull trend of CarMax and its general performance as a company ultimately has us looking for more upside.
Not only does CarMax have a strong presence in the in-person used car economy, but it also has a strong presence in online car sales (which one would think helped it sustain COVID better than others; we'll know when the numbers come out).
Another bullish thing CarMax has going for it is that some smaller used car dealers are having issues getting credit for customers, while bigger players like CarMax don't have this issue.
Given all that we are betting on bullish continuation after finding support, although there is a path for the bears here if this CarMax run turns out to be lemon.
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Support:
Our first notable support for KMX is the S1 bullish S/R flip, orderblock, and gap-fill cluster. There is a lot going on here, and all that confluence makes it a logical spot for the bulls to find support.
If the bulls can't hold S1, they will have to be cautious as the bears will have a path to victory in front of them. Both bulls and bears will be looking at the S2 cluster for direction. Does a test of S2 give us a dead cat up to previous support as resistance? Or, can the bulls take the S2 momentum and run with it? We won't know unless we get there, but the bulls should be hoping we never have to find out.
Resistance:
The first resistance for the bulls is the R1 orderblock and gap fill at the prior swing high. The logic here is simple, we are likely to find resistance at the previous top.
Speaking of previous tops, the R2 orderblock cluster at the All-Time High (ATH) is bound to see a reaction if and when we test it. Of course, testing this level is something the bulls are hoping for, and there isn't much for the bears to do if we do.
Summary:
CarMax has been bullish for about a decade, we aren't rushing to bet against this one, to say the least. Still, a bit more correction before the bulls continue their stampede isn't out of the question. Does S1 hold? Bulls better hope so, because things get a lot less bullish below S1.
Resources:
www.earningswhispers.com + www.caranddriver.com
AVIS - CARNASDAQ:CAR
The Idea is to go long, mainly because the top resistance line has been broken and because Enterprise has been bullish since last month and I do not see why Avis should not follow Enterprise Car rental.
(Hertz is a totally different story and it is complicated to compare Hertz with others Rental cars)
Automobile manufacturing business is sufferingMajor automobile manufacturers including Maruti Suzuki India, Hyundai, Mahindra & Mahindra, Tata Motors and Honda on Sunday reported a high double-digit decline in their sales in August as the Indian auto sector continued to reel under one of the worst slowdowns in its history.
It looks like there is no reason for the reversal yet...
Fingerprint Cards the next biometric cycle revolutionWill be multibiometric!
Smartcards (contactless & batteryless, acesscards and payment cards)
Iris (activeIRIS)
Airportsecurity
I o T
In the Cloud
FULL In-Display (touch your thing and it is unlocked)
In the car (nu radionsignal and no more stolen cars)
Outside the car (no more lost keys, look at it or touch it and its open)
At the petrol station
According to the company states will be the company's largest customers!
It´s simple as this!