Category Automotive

Entries 2 Total

Avis Budget Group Inc (CAR) : Swing Play

Nov 4, ’09 6:48 PM

Avis (CAR) beat analyst estimates by 10 cents and this news setup a pretty good swing trade it. From the Weekly chart, we can see that thick kumo support is around $8. On the Daily Chart,  price action is below kumo with no bullish play at the moment. What could happen moving forward? Given that [...]

Continue Reading… Comments (0)

Harley Davidson (HOG) : Bearish Swing Trade

Oct 8, ’09 11:16 AM

Harley Davidson (HOG) has a few indications that it is now in Bearish. 1. On Ichimoku Weekly Chart, we can see that it is now trading inside the kumo which represents a trendless state. 2. On the Daily Chart, we can see that Chikou Span has cut the price level and rebound off the support [...]

Continue Reading… Comments (0)