CAR on watchLike it long above the box to targets. Looking for a quick pop coming into earnings.
Best setup is a couple of inside days then a break above box.
0HK4 trade ideas
Recovery for Avis soon? The Avis price could drop in the short term where there will be a lot of volume as people buy cheap knowing the price will retest recent highs.
Double scenario on CAR buy or sellWhat do you think about these scenarios about CAR?
Do you have other ideas or suggestions?
AVIS - CARIt is still Too Risky investing in this company. The wisest Option is to HOLD.
Technical analysis might suggest that if the level of 31 USD will not be broken there might be an opportunity for a short term investment to go long as per major trend. The ides is to follow the trend only if the support will not be broken and it applies only to a short term period analysis.
Car Open Re-Long, Target $33 - $36Car back test on support and exit the triangle pattern continues to go up, target opportunities will be at the previous peak.
Car buy : $22.70 - $23
Car target 1 : $33
Car target 2 : $36
Wish you a successful trading!
AVIS BUDGET GROUP Offer DailyHey guys, AVIS BUDGET GROUP in a low volume bearish confuguration one can notice a desperate attempt by buyers. But on the short term MULTI TIMEFRAME 30 15 5 a first sign of reversal and a confirmation on the second. Conclusion we have a good chance of going up on the last precedent above and if the buyers have an appetite for risk. We can fill the bullish gap arriving at the next point at the bottom which corresponds to the last median.
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Is Avis Budget Going Places?Avis Budget was one of the top “reopening” plays back in May and June, more than tripling from its lows to highs. It’s consolidated since, and now the chart may be lining up for another potential move to the upside.
CAR formed a bullish triangle between mid-June and early August. It broke out of that triangle last week but was over bought at the time. (See Distance from MA on chart.)
But now it’s pulled back to hold the top of its recent range. Old resistance seems to be turning into new support.
CAR also had a “golden cross” chart pattern on August 5 as the 50-day simple moving average (SMA) rose up and through the 200-day SMA.
The fundamentals are also potentially interesting after CAR beat estimates on July 28. It tried to rally at the time but MACD was falling and short-term sellers knocked it back down.
Traders may view roughly $30 as a risk-management area.
CAR shortWaiting to see if it will broke price below 30. If yes...good sell opportunity as It will continue on downtrend.
$CAR short-term and long-term targets$CAR previously broke out of a bullish triangle formation. On the short-term it is breaking through a bull flag, looking to retrace to the 61.8%.
CAR _Get In for a Ride !All information should not be taken as call to Action, this is my personal view of market situation.
Quick Convergence trade !
Left from 16 of July drawing looks pretty interesting now :)
Buy zone reached as expected and convergence is there.
Entry: 25.05-25.00
Stop: 24.40
Target: Min 27$ (can be partial). Can be that we just at the start of wave 3 till 4 2$
You may like or hate my views. But most important, stay calm and do not give more money to the market than You Decide !!!
$CAR looks like it wants to go higher.1st PT $33. 2nd PT $37. Once it breaks out these 2 resistances. It can fill the gap at $47. Considering that it has a 27% short float, it would not be surprising.
l LOST AN OPPORTUNITY WHEN MY 20 BUCKS WEDGE WAS -17 DOLLARS. I SHOULD HAVE PUT EVERYTHING I HAVE NOW LONG
AVIS BUDGET GROUP INCNASDAQ:CAR
Another good, clear paper for long today.
We hit a level that stopped the long trend.
We rolled back, but at the last trading session we bought back the whole fall.
They closed not far from the level.
Naturally, there will be a close retest.
we can enter here with a very short amount of risk.
Potential is enough to take all 10\1 with a 15-cent SL.
But like I said before, we have to be very careful with the longs today.
$CAR Avis at key pivot level.
$22 is the key level to watch for CAR , it has multiple historical pivots on this level.
Support is now flipped into resistance
if it break $24 is the next p [rice reversal target
AVIS - CARNASDAQ:CAR
The Idea is to go long, mainly because the top resistance line has been broken and because Enterprise has been bullish since last month and I do not see why Avis should not follow Enterprise Car rental.
(Hertz is a totally different story and it is complicated to compare Hertz with others Rental cars)
AVIS - CARNASDAQ:CAR
Short term - go long
Long term wait to see if the support line will be broken before buying (Option A) or selling (Option B)
