KMX trade ideas
KMX - Major Uptrend RetestPrice briefly dropped below the uptrend line, just to sharply recover and allow further support to form along the upper trend line in white
Rectangles in green are zones where price moves along the Trend Line
$KMX with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $KMX after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 66.67%.
Buy KMX 3/1/2022You can buy KMX target 142.11 stop loss 121.93
Money management your responsibility.
I recommend entering a maximum of 10% of the portfolio.
Good luck
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$KMX Long Missed the Dip in the demand Zone but have an alert set if it comes back to the green demand zone i'm a buyer.
KMX - Downward TrajectoryKMX looks like it will move lower, probably finding some temporary support at it's 200ma or the first trendine.
Just a wild guess after that, but I wouldn't be surprised if that support fails and it moves lower to the 120 range.
1hr Analysis on KMX(Carmax)This is my 1hr markup on the 1hr chart with KMX.
I have an entry above 138.55 with an initial take profit at 140..
If price pushes above 140, then I plan on holding back to 143-145.
I like this idea based off the the 200MA bounce(blue line) as well as the Daily Chart sitting at or around a 50% retracement.
Will watching over the next few days.
Possible Swing Idea On Carmax or #KMX.I spotted a potential Swing Idea on KMX. I'm eyeing 140-145 calls. I haven't determined an expiration date yet, but I'm aiming for next month, maybe even Dec. depending on the contract prices.
I also have a 1hr markup which is showing me a possible bounce coming off the 200MA. WIll this happen anytime soon, that I don't know.
However, I'm liking the pullback to support on the Daily, with the 1hr chart confirming that area of Support as well. Still, I'll be patient and wait for a clean entry above 138.55, which will be the confirmation bar on the Daily Chart and will trigger my entry for the 140-145 calls for a Swing Play.
On management, I plan on watching for price reaction at 140(psychological level). If price continues that sequential move back up, just as price sold off in a sequential manner, I will hold for the completion of sed move back to 143-145. If price stalls at 140, I may look to reposition and wait for a break over 140 for the next possible leg up. Granted this is all theory, but a TRADING PLAN as well. My thought process in looking for plays is: Look for reasons not to take a trade..If there isn't one, get prepped!"
If this play dies & never alerts my entry, then I keep it moving. No harm no foul. The beauty of Swing Trading, if you can read the chart, you can sometimes see the move coming a mile away, you just NEVER jump the gun.
Entry- IDENTIFIED
Stop Loss- IDENTIFIED
EXIT(s)- IDENTIFIED
Risk Management/Risk To Reward Ratio- IDENTIFIED
There goes FOMO, GREED & FEAR & here comes the thought process of a calm & confident Trader. Win, Lose or Breakeven..I Identified my play & built a plan around it. All that's left to do now, is manage the trade when it becomes time to manage the trade, & not profit watch!
KMX: Bad ER and a nice gap downThe stock is currently trading below it's 50 day MA and the reception of ER on the 30th of September was negative.
We have seen a gap down of -9%, followed by a solid red daily candle.
The spike in volume is also a good indication.
I'm expecting the stock to drift down as big investors adjust their positions / get out.
kmx (car max)next move is going up and creat new lower low then go down last low or lower as indicate
Used cars are hot right nowI think Carmax could actually run past the upper white trendline with how hot the used car market is right now might be worth keeping money in even if it hit PT.
$KMX Needs Couple more Tight Daily Ranges $KMX working on a constructive setup. Believe it needs few more days of tight range trading right under that $137 level. Trapped buyer on wide range selling bars from back in May. Need to absorb that supply (long daily candle wicks red arrows) before it can head higher.
KMX on watchKMX poised to breakout post earnings. Two possible plays on the this one. Either take it early on a pull back to the green box and then hope for a break or wait for the breakout and then take it on a pull back to the green box. I prefer the latter. Stops either way would be the below the green box. Targets would be the fib extensions.
Carmax (KMR) Two Confluent Harmonic Patterns in PlaceCarmax has taken an almost 20% beating since May 5th.
We have 2 concurrent Harmonic Patterns (Shark and Gartley) which may reverse this trend.
Look for a basing in this area.
We also need broad markets to continue their ascent.
As always do your own due diligence
Earnings are due June 18th and depend on a continued strong used car market
S.
KMX (CarMax Inc) - Bullish Quarter AheadCarMax, Inc. operates as a retailer of used cars. The Company also sells vehicles through on-site wholesale auctions, as well as sells new vehicles under franchise agreements. It operates used car superstores, provides customers with a range of other related products and services, including the appraisal and purchase of vehicles directly from consumers, the sale of extended service plans, guaranteed asset protection and accessories and vehicle repair service. CarMax, Inc. is based in Richmond, Virginia.
Analysis/Commentary
Strong EPS and Sales Growth Y-on-Y
Based on the study of the previous quarterly earnings reports and subsequent price moves:
- Current quarter has given price move above LOW point
- Expectation for the price to move to MID or HIGH point
- Trailing stop-loss on price above MID point
- Bullish Heiken Ashi Candles confirm entry
- Fast MACD diverging
- Slow MACD crossing
PLEASE LIKE & COMMENT.
GOOD LUCK.
DO YOUR OWN RESEARCH!
$KMX with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $KMX after a Negative over reaction following its earnings release placing the stock in drift C
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Carmax earnings 4/1 at 6:50amCarmax 4th Quarter February 2021 earnings tomorrow 4/1 at 6:50am. Carmax (KMX) reported 3rd Quarter November 2020 earnings of $1.42 per share on revenue of $5.2B. Revenue grew 8.2% on a year-over-year basis.
Q4 Consensus:
EPS = $1.27
Revenue = $5.15 B
R3 = $147.53
R2 = $142.20
R1 = $136.86
pivot = $131.53
S1 = $126.43
S2 = $120.86
S3 = $116.22
Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. This is for educational and entertainment purposes only. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analysts motives
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
www.tradingview.com
How CarMax could reach it's estimated 6.5% move into earningsAccording to the option market, KMX is looking to make a 6.5% move based off of $133. This meaning 6.5% to the upside or downside is expected.
Due to the current set-up, in my opinion CarMax could reach that 6.5% before earnings rolls out on Thursday.
Demand above $134 could trace a realistic move to test $138-$139 by earnings, and has room to even create a healthy shot above $140 before a pullback.
$132 downside confirmation is set for current stop loss (current lower-side demand)
$KMX Box Setup2 months box setup after breaking into all time highs. Carmax held up very well against market weakness possibly ready to start its next leg up and ultimately breaking this consolidation into new uncharted territories.
Carmax Inc (KMX)- OPERATES 216 USED CAR SUPERSTORES IN 106 U.S. MARKETS WITH PLANS TO OPEN 13 STORES IN 2019-20.
My accidental KMX short...that I will keep for now.I was looking for overvalued companies a couple of days ago. KMX became a candidate due to its high debt and high multiples.
So, I staged an order, thinking I will review it one more time in the morning. But I forgot all about it and it got executed.
So, I am short KMX now. Looking at the chart looks like next week will tell if it was a lucky accident or not so much.
If it closes under the potential H&S, I am keeping the short. Be warned, I tend to see H&S everywhere and I know that =)
