Text me if you have any questions/comments for me.
-----
KAR - First time doing an analysis on KAR - Stock doesn’t have a good history of uptrends - The good uptrend only started during the covid pandemic in March 2020 - The recent retracement back to the short-term support could provide a good opportunity for entry - A successful rebound look to be around 1.88 levels - R is less than 10% - Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound before plotting entry
Oil price was on the downtrend for almost a month now but KAR was holding up very well unlike other oilers such as BPT, STO and WPL until today!! I own all of them including KAR but not intending to sell as I believe oil price will rebound pretty soon.
I own all of them including KAR but not intending to sell as I believe oil price will rebound pretty soon.