Buyers supporting price and ready for a run to new highs

Current Active Alert Management CAR

Time Frame : Weekly

Sector : Software and Services/Marketing Services

Key Stats : $3.55 Billion Market Cap, VWAP 14.821, ASX Ranking 110

Company Overview : Carsales.com Limited (CAR) is an Australian business principally operating two business segments, being Online Advertising Services and Data Research Services. Currently, the automotive classified advertising is the main product of the Company. 

 

CAR – Carsales.com Limited

CAR has pulled back since the entry was triggered and is in the midst of building a higher low for a continuation move up into new highs. We are happy now to tighten up the stop loss level to and watch the action play out.

 

Stock Code : CAR – Carsales.com Limited

Company Website : www.carsales.com.au

Current Price : 15.15

Previous Buy Entry (Trigger Level) : 15.20

New Sell Exit Zone (Stop Loss) : 14.65

Status : On watch for continuation to new highs

 

 

Original Alert 14/6/18

New Buy Entry Alert CAR

Time Frame : Weekly

Sector : Software and Services/Marketing Services

Key Stats : $3.55 Billion Market Cap, VWAP 14.821, ASX Ranking 110

Company Overview : Carsales.com Limited (CAR) is an Australian business principally operating two business segments, being Online Advertising Services and Data Research Services. Currently, the automotive classified advertising is the main product of the Company. 

 

CAR – Carsales.com Limited

CAR is showing strength of buying to continue the long term trend higher. We are now happy to buy on a push up through 15.10 and will hold the stop loss at 13.95. If price falls below 13.95 prior to entry then we will re-assess the alert.

 

Stock Code : CAR – Carsales.com Limited

Company Website : www.carsales.com.au

Current Price : 14.75

New Buy Entry (Trigger Level) : 15.10

Potential Sell Exit Zone (Stop Loss) : 13.95

Status : On watch for buy entry trigger