Carsales.Com is under Algo Engine buy conditions and now been added to our ASX 100 model portfolio.
Carsales.Com is under Algo Engine buy conditions and is now a new holding in our ASX 100 model portfolio.
Carsales.Com is now under Algo Engine sell conditions which reflects the short-term overbought conditions.
Carsales.Com is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.
We see value emerging and suggest buying at market and running a stop loss at $9.50.
Carsales.Com is under Algo Engine buy conditions and we suggest members add the stock to their watch lists and look for support to develop within the $11.00 to $12:00 price range.
Carsales.Com is under Algo Engine buy conditions and we see support building near the $15.50 price level.
Buy CAR at $15.50
Carsales.Com is under Algo Engine sell conditions following the lower high formation at $13.50.
Earnings guidance provided by Carsales for FY19 are for EBITDA of $210mn and NPAT of A$131mn. Revenue guidance was a little weak, indicating full year profits are being supported by cost out initiatives.
We will review CAR on the price retracement & Algo Engine buy signal.
Carsales.Com is under Algo Engine sell conditions and with the price approaching $14 we expect selling pressure to build.
The chart below illustrates the range where selling is likely to increase.
We consider the 2019 recovery rally in the below names, as now largely complete.
The post below is from the 14th of November.
GARP is an acronym which is referenced to “growth at a reasonable price”.
This is how we now view ALL, TWE, CAR and SEK.
CAR is one of the “GARP” (growth at a reasonable price), names that we’ve been tracking.
With the stock bouncing off the $11.00 price level, we suggest running a tight stop-loss below the recent “pivot low” and giving the upside momentum a chance to develop.
Within the back drop of market volatility, it is difficult to know how this trade plays out in the short-term. Therefore, we highlight the need to run a stop loss.
We consider ALL & TWE as similar technical opportunities.