CAR Looks like it has broken it’s up sloping trend line and so far, today wicked through what may be a support area. It is also below 8 and 20 EMA (blue) / SMA (black). The 50 day (red) is just below and is close to the lower possible area of support around the $238- $239 area. I’ll be looking to take this one short next week if it continues to weaken. TBD. Ideas, not investing / trading advice.Note
The Red 50 is an EMA. It wicked thru the 50 SMA today...Trade active
I took this trade yesterday 6/22 when it broke below previous day low. In at $154.45 with my stop close by. Not giving much room for error.
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I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.