Hi Traders! This is our analysis for CARS, the chart looks very simple but very bullish!
- Price is currently located on a long term trend line (Yellow) which is working as a very strong support.
- Also backed by medium term trend support (purple).
- 100MA support + horizontal support.
- RSI is 45, in the past year RSI bounced of 40 level 7 times.
- Ichimoku indicating that we are in a very strong uptrend.
This stock is currently backed by 4 times of support indicating that the probability of bouncing up and testing the next resistance high. Also, the 1 year high has been tested once already, a retest is very likely when the price is backed by such strong support!
Entry at 13,50
Target at 15,37 slightly below the 1 year high for a 14% gain-
SL at 13,00
- Price is currently located on a long term trend line (Yellow) which is working as a very strong support.
- Also backed by medium term trend support (purple).
- 100MA support + horizontal support.
- RSI is 45, in the past year RSI bounced of 40 level 7 times.
- Ichimoku indicating that we are in a very strong uptrend.
This stock is currently backed by 4 times of support indicating that the probability of bouncing up and testing the next resistance high. Also, the 1 year high has been tested once already, a retest is very likely when the price is backed by such strong support!
Entry at 13,50
Target at 15,37 slightly below the 1 year high for a 14% gain-
SL at 13,00
💥 Free signals and ideas ➡ t.me/vfinvestment
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
💥 Free signals and ideas ➡ t.me/vfinvestment
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.