CARS is Going Down !
Updated
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.
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