Transaction Capital: High Quality Management Team
David Hurwitz and team have continued to deliver for shareholders, with a defensive business model, consistent earnings growth and transformative transactions (see We Buy Cars) which could propel the business into it's next leg of growth.
The price has traded in a sideways range since late May however the most recent set of higher lows suggests potential for buyers to overwhelm sellers, clear the overhead resistance, re-test and then possibly continue to trend higher.
We may see a break above resistance, followed by short consolidation and then a possible trend. I have flagged this idea as LONG, but await price confirmation.
Additional Technical Considerations:
Price above rising 100 and 200-day SMA.
Last Price: 3827c
Short term failure will be a close below 3560c.
Time Frame: Medium Term
The price has traded in a sideways range since late May however the most recent set of higher lows suggests potential for buyers to overwhelm sellers, clear the overhead resistance, re-test and then possibly continue to trend higher.
We may see a break above resistance, followed by short consolidation and then a possible trend. I have flagged this idea as LONG, but await price confirmation.
Additional Technical Considerations:
Price above rising 100 and 200-day SMA.
Last Price: 3827c
Short term failure will be a close below 3560c.
Time Frame: Medium Term
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.