CAR has triggered the Stop Loss Level so the alert is closed
Price gapped down on the open as sellers pile in so we are now out and on the sidelines to re-assess.
Previous Alert 2/7/18
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
