Sagar Nandi
It is probably the time to ride the CARS.


All the snapshots are taken around (EST): 10:15 AM.

IMPORTANT: As the price may move up or down during the day, you may confirm a swing trade setup at or near market close.

1) Today the market is down, and most of the sectors are down. The stock's industry is also down. That is one reason for caution.

2) The stock is undervalued.

3) Weekly forming false downside breakout.

4) Weekly Backdrop candle color is bullish (cyan).

5) Daily breaking above Memory trendline resistance with bullish Flow color (cyan).

cars edge 2019-05-10_10-22-12.png  CARS FUNDA 2019-05-10_10-20-43.png  CARS TECH 2019-05-10_10-13-08.png 
Sagar Nandi
1) By midday, CARS has pulled back, and it is below the daily Memory Resistance. Unless it can go up again by the market close, there would not be any breakout setup in this stock today.

cars followup 2019-05-10_11-51-30.png 
Sagar Nandi
When I first shared the stock in the morning session today, CARS was giving a Breakout Long setup provided it ended the day like that.

During the day it pulled back.

And before the market closing, it recovered again and the day confirmed a Breakout Long setup.

This is the right approach to confirm a CUE setup just before the market close. One may identify opportunities earlier using CUE Scans, CUE Insight, etc. But take the trade only if the signal stays like that and confirms a trade near the market close.

1) Below is how the stock ended the day.

cars fin 2019-05-10_16-03-15.png 

Disclaimer: This site is for educational purposes only, explaining the use of CUE systems and techniques. It is not for trade advice. Trading involves risk. You and only you are solely responsible for the outcome of your trades.

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