mohamed.tharwat.elsherief

Waiting for CARG to breakout Daily Ascending Triangle

NASDAQ:CARG   CarGurus, Inc.
I do not have enough history for both weekly and monthly charts to see if there is previous S/R, the stock may want to bounce off.

However, we have an ascending triangle forming in the daily chart and we can notice a relatively strong volume bar at a level below the anticipated breakout.

The only way to go long is to wait for a clear breakout and to wait for a retest (preferably in Daily Time Frame if possible).

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