CAR VCP SetupAvis Budget Group observed to develop VCP setup with below contraction.
C1: -27%
C2: -16%
C3: -9%
Awaiting a breakout with volume!
Disclaimer:
Trade at your own risk.
CAR trade ideas
CARBlue is the trigger, pinks are the targets. ATH & still decent short interest in this one I believe.
CAR possible breakout95.30 is a very strong level to break, if we do, might see another leg up towards ATH. (Fibs levels in chart)
A break of 95.30 is very important, another rejection could trigger a double top and meltdown
CAR Stage 2 Uptrend to Stage 3 ResistanceLooks like $CAR has hit a point to where it maybe down trending. It will depend on the EMA crossover of the 5 day, 10 day, and 20 day to be sure. I'm thinking if it crosses above $90 being a point of resistance that it still has room to be bullish to $95 of course still watching the RSI, MACD, and the moving averages. Trade with your stop loss in place. This is my opinion, no trading advice from me. Trade at your own risk.
Blow Off Double Top or Inverse H&S?Insane run. 1,300% gain in ~515 sessions. Currently sitting on a Sept 17 $90 put but after today's move, thesis likely to change toward a bullish stance. if It breaks out to ATH, cutting my losses and doubling calls. Everyone talks about Tesla's run, but what does Avis do? - They rent death traps. Yep, that's it. SMH. This market is INSANE.
Stocks - CAR Short, Capitulation Aug 27Idea for CAR:
- There is nothing more of a bubble than used car market right now.
- See Technicals on chart.
- Capitulation date Aug 27.
TP1: 46.75
GLHF
- DPT
greatest stock of all timethis company is a turd, the stock is a f ing champ. It's insane how it's trading. Can't logically reason why it's doing this but whatever. this market is dumb. Scalping here for a bit
worthless trash post earningsI've been beating the drum on this garbage; I told you the transports were the biggest f ing wannabe chase in the market today; they led the S&P up, they'll lead them down. Bigger than expected loss into earnings. My guess is that the dummies will still throw money it if the transport ETF catches a bid manana.
You thought TSLA was overbought, this rental turd has only gone parabolic since pandemic lows, up 550% - ON NEGATIVE EARNINGS!!! WTF
Speaking of TSLA: Tesla will inevitably crush this company, unless they can get their hands on a new rental fleet of Model 3s & Ys, nobody wants to rent a death trap for $300/day. We'll rent an Uber or Lyft, m'kay. F *ck petrol, rental death turds, and this delusion of grandeur that business travel will come back in spades. It won't, and if you're long this name, you'll be holding a bag full of turds at 30,000 ft.
PT $55 3rd week May, put spread in place
Fed Game 101overhead someone today saying the bull run has just begun. If that's the case, where the f does this negative-earnings piece of shit top out?
Big fat lieThis stock is up 540% in a year, at an all time high and reporting negative earnings. They sold off a huge swath of their fleet during COVID and can’t buy new rental vehicles due to the current backlog from auto manufacturers -who are catering first to retail. And yet up 500%+. Hmm.
The right time to short CAR?The right time to short $CAR?
Finally, the trendline has been violated after an Evening Star Pattern formed on the daily chart.
We can clearly see that this stock has been on a strong uptrend since the pandemic, and has almost doubled from the pre-pandemic high ($52.90). Meanwhile, AVIS BUDGET has not been fully operational, sold a big chunk of its fleet and increased its debt significantly.
Few things to consider the short position:
- Fundamentally overvalued
- Bearish pattern formed on the daily chart
- Trendline violated
- MACD / Price divergence
- +DI crossing -DI on 20/04/21
- Volume has been drying-up for the past 1/2 weeks. ( Be careful with illiquid stocks! )
- DMI showing trend weakening
My position is this:
Short @ $78.17
SL @ $80.02
TP @ $64.49
Insane risk to reward ratio :O
Do your own DD!
this rental turd is leading the transportsreffing a pretty lopsided game here. the buyers have been absolutely crushing the sellers, but we're seeing some sanity at this latest wave, albeit just a glimmer of fear come back in.
it's likely all bot driven at these levels, have to think the fund managers are on early vacay ahead of the crowds, working on their tans, sleeping in, getting room service delivered to their suite overlooking a white sand beach while their autopilot fund flows head straight into this pile garbage that's somehow worth more now than before the pandemic whilst leading the entire transport sector. Let's put aside the fact this fleet is quickly becoming obsolete as new legislation in the future will send 1/2 their assets to the scrap recycler in favor of EVs, and while that nightmare manifests itself, TSLA will be dumping a taxi service onto market that won't require AVIS to negotiate as a middle man to get you and the groms to Disneyland when you land in the OC, CA...
Sitting on a May 21st 72.50 Put. Adding another at the-money if the SPY tries for another candle up to ~430. All greed & no fear - or simply being asleep at the wheel - or both, will get your head handed to you.
Hourly negative divergence on MACDShowing bear MACD divergence with stochastic at top of range curling down
stonks only go up yolo!More egregious pumping. The level of lunacy & greed is on this market is blatant. Who the f does coverage on this company? rental turds death traps on 4 wheels valued more now than pre-pandemic? Excuse me while I go puke in my mouth.
Eyeing some weekly puts, please go up more so it looks like bitcoin on a 5 yr tards.
$CAR is surprisingly resilient so far. For how long?I like CAR, primarily for its volatility. I am surprised to see that it was so resilient so far.
I mean, the rental car business got hammered last year and this stock is fully recovered and then some.
So, if everything in the economy gets rosy, it's kind of priced in already.
I am making a short bet with 3/19 50 puts.
By the way, I don't do YOLOs or other stuff that can bankrupt me, so losing all my money one single bet is totally part of the strategy.
Means I get to live another day and make more bets.
What do you think about CAR?
CAR Trade IdeaCAR has been coiling nice in this wedge pattern, failed to break TL resistance, now at key support. May move to the upside from support to test TL resistance again, breakout over can see 41.50 as short term PT, 48.50 and 50 possibly next if we see a nice base.
$CAR Avis Budget Insider buys affirms Confidence in recovery 🚗
Insider buys may be the signal of a brighter future for CAR .
trending within a nice ascending channel let hope
the next touch is to the topside.
worth watching in the days and weeks to come as vaccine news
continues to benefit the industry.
Potential targets as per pivot points .
Insider buy Details
SRS Investment Management, LLC Director Nov 20 Buy 34.79 50,000 1,739,650 18,303,324 Nov 20 06:44 PM
SRS Investment Management, LLC Director Nov 19 Buy 34.78 4,900 170,398 18,253,324 Nov 20 06:44 PM
SRS Investment Management, LLC Director Nov 18 Buy 35.43 50,000 1,771,270 18,248,424 Nov 20 06:44 PM
SRS Investment Management, LLC Director Nov 13 Buy 36.46 69,889 2,547,824 18,198,424 Nov 16 05:57 PM
SRS Investment Management, LLC Director Nov 12 Buy 35.28 79,907 2,818,719 18,128,535 Nov 16 05:57 PM
