CAR trade ideas
Support & Resistance Inc.If all my ideas look equal is because I work with the more basic principle of Technical Analysis, support and resistance and the more higher the time frame the more reliable, this do not mean is bulletproof.
But Weekly Charts avoid emotions because the weekly charts are simply boring and is necessary too to wait for the end of the weekly for the confirmation of the resistance line breakout with a weekly candle closing above the resistance line in a clear manner plus a pullback to the new support level that demonstrate that the price is boss of the new level gained.
By the way look the long wick candlestick testing the support
Avis Budget in good configurationAvis budget is in double bottom configuration, a small pullback occurred last month but the double bottom resistance has been broken and the pattern has been validated. Growth potential is over 50%
CAR on WatchCAR gets another try at that $38 breakout. We will see if it can break through and stay above the price.
CAR - Long Rest Of 2017Please look at chart, will be going long rest of 2017. In my opinion, $40.00 is 1st resistance on chart & will be hit this year. Good Luck.
Avis Budget Group ST overbought, LT break out R/R = 5In the last 12 months, #CAR (Avis Budget Group) has lost more than half of its value.
Since Jan 2016, the stock has ranged between 22 - 30 USD. Now the stock touched the 30 USD upper price level after it has increased with 25% in the last two weeks.
Time for a short pull back before continuing the uptrend.
Buy Bias - #ProfitingMeHi,
I am looking for a buy entry on CAR, in a retracing back to a new demand level.
Thank you
Girolamo Aloe
CAR - turnaround story in AVIS successful ?Avis Budget ( CAR / NASDAQ ) is another global brand worth watching. The company is busy with its restructuring and acquisitions efforts. Price has arrived at a major inflection point. I am cautiously bullish, but watching if follow-through above 28.00 USD happens.
CAR: in symmetrical triangleBreak-away possible to the both sides. A bullish move could reach until the weekly TL. Simple is good.
CAR breakdown suggests continuation of the downtrend.Breakdown today with bearish strength, opening short position with stop above 54.31 Target is 47.58.
Nice Breakout (Bullish Triangle)Looks price cleared DTL and confirmed the bullish triangle break-out with target price $69. If u decide to take a long position make your stop loss at recent swing low at and around $55 area. If you want a real time alerts on this security try us www.2waytrading.com
Watching Avis Budget Group for a long setup at a Pivot Level.(CAR) was on my IBD list of strong fundamental stocks. It's in a strong uptrend and currently pulling back to the $61.95 Pivot level. Once there I'm watching for clear price action showing that the level is being rejected and momentum is building to the upside.
* On September 16th CAR gave an entry trigger with the strong up day closing in the upper range after a gap below support.
* 9-22-2014 Stopped out at $61.75 today for a small loss.
