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Swing Trade Idea #219 : Long on BAJAJ-AUTOThis is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow it if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
NSE:BAJAJ_AUTOLong
by onerighttrade
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. Hit that 👍 button to show support for the content we produce every day and to help us grow 🐣 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
NYSE:KMX
by AlphaBotSystem
Monthly Chart - F - Downtrend into 2021Ford needs to turn around business and it isn't looking favorable for 2020. Tesla still has a several year head start and with recent bullish TSLA trend, F, only takes a hit. F is still within the downward channel. Taking into the current models available and global status, I expect Ford to continue a toward trend into 2021. It will take time before Ford's fully electric offering will pick up traction. Fleet purchasing has also slowed down after a surge in purchasing the last few years. A wait and see mentality is also something to take into consideration in the 1st half of the year. Seeing as this is an election year, I do not see favorable conditions in the immediate future for Ford. Keep in mind, that during the Great Recession, Ford did not take bail out money, something worth mentioning. Furthermore, Ford, from a North American light truck fleet perspective, has the best offering. The F-Series truck can be seen as the workhorse for the North American economy when considering the amount of deliveries to working fleets. Ford is here to stay but needs to clearly iron out a few problems and endure some growing pains. The internal combustion engine is being phased out and Ford is slightly late to the party. Once Ford figures out an appropriate process for electrification expect a reversal and ultimately long position (2021 & beyond) While Ford has a dividend it may be worth holding onto if you are looking to hold for several years. For now expect a lower trend.
NYSE:FShort
by ZenithG