CARS has volume and its good negative earnings play. Good for a trade, the Daily chart as you can see is extremely weak, it has gone below the all time lows of around 18. Its currently trading at around 12 and has a decent premarket volume, based on the daily chart I would like to go Short on it once it gives a pullback opportunity to get an entry. The overall market is also showing weakness after continued tension between the U.S and China which may add momentum to a downward spiral.
Note
please ignore the other TSN charts, just focus on CARS.
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.
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.