Market insights
Trade it in, Auto Trader. AUTOAuto Trader is heading for a final leg in a downward impulse. Clear picture on the Elliott, backed up by indicators on the daily. Good luck!
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
Is this breakout for Auto Trader?H&S pattern from June 2019 due to complete after Market views Auto Trader's results favourably.
AUTO AutoTrader going UP AutoTrader is my favourite website for buying/selling new or used cars/trucks/vans
The stock is showing strength now.
Now that the UK Coronavirus lockdown is easing people might start using the website even more
lets see if we can find a wave 5 up
Target will be price levels to the left marked with horizontal line.
Let Auto Trader Stock Be On Your WatchlistWith AUTO stock price briefly tested 78.60% Fib level, it is evident it is most likely will re-test in the near future. The online auto trading company is doing great only the fear of the virus is suppressing its stock price. Put this on your watchlist as a long term buy opportunity around £320.
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
Buy Auto Trader - Correction over?BUY – AUTO TRADER (AUTO)
Auto Trader Group plc is a digital automotive marketplace. The Company is engaged in the business of buying and selling new and used vehicles. The Company also operates similar business in Ireland through its Website carzone.ie.
Fundamentals
Auto Trader is forecast to post a rise in earnings of 12% in the current year. This follows three years of consecutive double-digit net profit growth, which suggests its business may be relatively resilient within what is a highly cyclical automotive sector. The company is in a dominant position within its industry with virtually no competition.
Best Broker Target Price: 640p (Liberum Capital 09/07/2019)
Worst Broker Target Price: 414p (JP Morgan Cazenove 17/07/2019)
Technical Analysis
Auto Trader has traded in a corrective channel since reaching all time highs in June this year. The corrective move appears to have stalled around the 38.2% Fibonacci support level which is from the October 2018 lows to the June 2019 all time highs. A bullish outside candle has been posted on the daily chart, which is positive for short term sentiment. The break of the corrective channel indicates the move lower has come to an end the long term trend can now reassert itself.
Recommendation: Buy
Buy between 515-540p
Stop: 505p
Targets: 600p
AUTO Trading Group so polish pictureI think it have nice tendency of growth. It has got several cases of false breakdown of support levels but it is still remaining its growth. Definitely worth stock
AUTOtrader re-rate - long target 500pNew highs and higher lows achieved. Breakout of Flag. Will be interesting to see whether it can break above all time high of around 455.
Auto Trader - Accumulation Wyckoff Event. Long Term Target 820Auto Trader is n the latter phase of an 2 year accumulation that began a few months after IPO.
SOS in the last couple of days following on from the typical phase C higher lows suggest that floating supply has been dried up and the markup phase is about to begin.
P&F count give an upper price target of 820 - there is no timeline on this target.
o the H1 TF, bears are attempting to bring the price back to the green TR for a BU test. Their efforts are so far unsuccessful.
