TRUEWeekly chart isn't looking too bad here. MAs lined up underneath (all but the 200) going up and pressing price against resistance.
TRUE trade ideas
$TRUE - can it finish the golden cross? could golden cross
stochastic - bounced off the 20
MACD is cinched and flat
ATR is calm
4/16 has some large calls at
$7 strike
KILLED earnings
TrueCar deserves a chanceAlmost 80% below the July 2017 peak.
89.73% institutional ownership.
It comes completing a reverse head and shoulders pattern (bullish).
Some of its institutional holders include BlackRock, Vanguard, Renaissance Technologies, State Street and Morgan Stanley.
It improved its income in the last quarterly report.
Its accumulation/distribution indicator is rebounding at the same level, it could indicate a possible bottom with the subsequent rebound (higher demand and injection of money).
It has a strong support level at $3.80.
It could reach 9-10 dollars this year or even more if the outlook for this company turns out to be more favorable.
"TrueCar Inc. engages in developing and publishing an online automotive information and communications platform. It enables users to obtain market-based pricing data on new and used cars, as well as to connect with its network of TrueCar certified dealers. TrueCar, Inc. is based in Santa Monica, California."
NASDAQ:TRUE
TRUE Continuation I like how TRUE has been moving despite the volatile markets. The close over .23 fib is bullish and the MACD is crossed. This mights bounce around the 5.30s before congtinuing up. Im looking for it to move up the fibonacci scale. 5.90 next target
TRUE Break OutThe 9 EMA crossed the 20 EMA on 9/14 and the MACD is rising. I like the consolidation for the last couple weeks. Break out over 5.03. First target 5.36 then 5.90
$TRUE Bearish candlestick targeting 50% Fib near by 4 Identical bearish setup targeting 4-3.5 then to be updated!
TRUE: Higher price rejection after gap up (red candle)Higher price rejection after spike and gap up.
May retrace and fill gap.
If confirmed
PT1 = 5,48
PT2 = 4,36 (for gap fill)
Price in an upward channel and a symmetrical triangle !!?price consolidating in an upward channel and furthermore a symmetrical triangle. The price just broke above the triangle with a good volume. I suggest the price will rise at least to the upper channel resistance.
$TRUE | Buy | $3 call option $true might be a bit late to the party but i felt comfortable taking an out of the money call for July 17 option. gives me some breathing room. 1st TP: $3.50 , 2nd TP: $5. happy trading.
why?
break of the trendline, trendline got retested and seems to be breaking short term highs. it looks good from my point of view.
Posible Swing For TRUETechnical analysis or historical analysis, for TrueCar. TRUE touched resistances at 10.40 later with a huge loss gap of -27.71% leaving TRUE with a value of 7.74 just on 6 days, creating panic selling.
On indicators RSI is oversold, a volume of 1,975,451, short float is 12.86% (low).
Entry: Breaking new resistance above 2 cents, between 7.95, 7.90.
Stop loss: -2% below the new resistance.
Target: 10.18. (+28.73%)
TRUE Daily Chart Analysis1. Bullish Divergence Indication
2. Lower Lower + Lower High Candle formed, with a reversal candle of Pin Bar that take all the stop out.
TRUE-Descending Wedge Breakout, Retest Level 2 Trendline,Bullish Indicators, Busting through Resistance 1. Waiting for Stock to clear Resistance 1 and for SMA 10 to cross over SMA 20 to enter.
It's $TRUE - Potential Bearish ButterflyPotential Bearish Butterfly
This chart is posted on our free blog.
Have to clear the 15 dollar handle.
PRZ at approx 15.60
Can be played long with caution on the way up and traded short at PRZ
We only set a T1 at where it's traded now for this trade but will most probably make an ABC correction back at where it's traded now. We choose only to trade it up and first leg down. Then er exit the trade and on to many of the other possible trades.
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