LAD, LET'S GO DODGERS I'm going to remain fairly neutral in my analysis because I'm not sure where this goes.
There are support trends
but they all lead down in price.
Indicators could use a slight price correction, but will then be in alignment for a move to the upside.
Click on the notes to view labeled stuff.
price targets are labeled
390 is the high and the low is around 170
That last trend is strong, but a long term trend. If it slips under during a "crash" and drops low, buying into that dip could be a potential move. There is support and a likely chance it won't stay down for long.
LAD
LAD - Bounce off Trend LineTrend Line formed along previous structure enabling a support for future price
This is shown perfectly with the bars pattern structures in white
A sharp bounce from the trend line
This is the Weekly chart for LAD with possibilites of heading for a new ATH following this bottom
LAD - DAILY CHARTHi, today we are going to talk about Lithia Motors and its current landscape.
Lithia Motors has been having a good year, the auto retail company has been quite prominent in the sector, with solid fundamentals, the company can continue to be benefited from the changes that e-commerce has inflicted on the automotive retail industry, which has been responsible for a small percentage of the sales, holding them a huge potential of growth. Lithia Motors also has completed an amendment and extension of its existing syndicated credit facility to boost the total financing commitment to $2.8 billion, which can help the company improve its sales performance.
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Disclaimer: All content of Golden Dragon has only educational and informational purposes, and never should be used or take it as financial advice.