Category Automotive

Entries 5 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 CAR beats analyst estimates, there should be some upgrades coming forward and that will help push the price up. We may have a bullish play moving forward.

At the same time, if we look back at the Weekly chart, the leading kumo starts to thin out and this suggest weaker support in times to come (even if it is a bullish play on the Daily)

2009Nov-Avis Budget Group Inc-800x600_Weekly2009Nov-Avis Budget Group Inc-800x600

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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 at 21.05

3. This is further support by the Tenkan sen cutting the Kijun sen dowwards ( a bearish sign)

4. The leading kumo is also starting to twist; an indication of a change in trend.

5. From the Chaikin Money Flow indicator, we can see that the accumulation is dropping. Will there be a distribution coming soon? Hard to say. But, with the indicator trending lower, the chance of the price level going much higher is limited.

6. Possible swing trade. Entry around 23.03 or 24.41. Look for candles pattern.

2009Oct-Harley Davidson Inc-800x600_Weekly

2009Oct-Harley Davidson Inc-800x600

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