ABG - Head and ShouldersLooking for a head and shoulders pattern to form below the middle of the up channel drawn (1) is the shoulders of the pattern (2) is the head of the pattern Technically price is forever bullish above the strong down channel drawn, price just needs to finish this formation by Bixley111
ABG shortAsbury Automotive Group Inc. operates as an automotive retailer operating franchises and dealership locations in US. The Company offers new and used vehicles, as well as financing and insurance, vehicle maintenance and repair services, replacement parts, and service contracts, also provides dealership for luxury and mid-line import brands. My trade levels Entry: $175.57 Take profit: $152.41 Stop loss: $188.98Shortby UnknownUnicorn299700361
ABG long trade - horizontal rangeTechnical: ✅ reached and respected horizontal support ✅ consistent pattern since Feb. 22 ⛔️ CTL not broken yet - could wait for break before entering ✅ Earnings (higher volatility) in about a month - previous bounces reached upper resistance in under 30 days, so should be out of the trade before Earnings announcement on Oct. 27 Market factors: ⛔️✅ Car Retailer - could go lower with current market outlook ⛔️✅ Market could be volatile/bearish today after the FED's interest rate announcement - could wait another day or 2 before placing the trade Setup NYSE:ABG 1D chart 1% fluff SL under low of range TP on horizontal resistance R/R >3:1Longby tradeisela2
LONG ABG 20+% returnsNYSE:ABG Asbury Automotive Group's equity risk premium forward eps rising usually this causes a median price increase of 37%Longby adamvibeo1
QUESTIONS?just a post covid learning to use indicators and trend lines to discover better opportunities, all suggestions are Welcome Shortby Godscalper-809Updated 0
ABG Make or Break IdeaFirst time creating a chart here but just wanted to publish because why not! We've seen an exponential rise over the last year with some amazing gains, and it's no surprise that a correction was looming. ABG's balance sheets have looked absolutely incredible and they're continuing to impress with their numbers. Considering that they have no market competitors in their area due to the state laws, we can see this growing to even higher prices. However, we're at a bit of inflection point. The volume is incredibly low yet the selling pressure pushes the price further and further down. I'm keeping my eye on the $150 support zone to see how it handles a bounce off the 200MA or if it continues downward towards the next support zone of $138-140 where we could see a nice bounce from our previous support zones back in December-February. I'm looking to open a position in this zone, but staying wary due to the freefall nature of this stock in the past few weeks. RSI hasn't been this oversold in a long while and could be a nice swing reversal if it begins to show strength.by AverageDad0
LONG ON ABG AFTER EARNINGS 1DBeat earnings ,is oversold,is on support right now it sells at 99 so for longer term aim is 120 sl somewhere at 94.8 but il wait a bit to avoid ay irratic movement like the last earnings report.Longby MarketSeamanUpdated 5
GOOD LONG OPPORTUNITYReasons for trade 1.Lower end of channel 2.Previous resistance may act as support. 3.50 EMA that the stock usually retraces 4.Stockasticks oversold. R/R is almost 3-1 aim for 119 with SL at 98.5 will adjust accordingly with the open.Price may move lower to 100-101 but its still ok to open here for me.No holding through earnings.Longby MarketSeamanUpdated 2
ABG quite simple tradeStock in an uptrend. made 4 days of correction. The Connors rsi is giving a signal and the 2 period rsi is below 30. In this case, in the last 4 years, a long position with a stop loss of 5% and a target of 5% had 66% win trades. good enough for me. Longby alexandre.wolwacz4