The falling knife - returning to the point of control
Carsales has endured the same fate as many tech stocks in October and like the degenerates we are, we're here looking to catch a falling knife.
The stock traded in a nice channel for a full year before breaking down. Take note of the point of control where most volume has taken place in this time period, if this was an overreaction we have a target to get back to the point of control, if not a stop at 9% just below the next low volume node.
This is not financial advice, I am not a financial adviser. Trade at your own risk.
The stock traded in a nice channel for a full year before breaking down. Take note of the point of control where most volume has taken place in this time period, if this was an overreaction we have a target to get back to the point of control, if not a stop at 9% just below the next low volume node.
This is not financial advice, I am not a financial adviser. Trade at your own risk.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.