RIDE HER FOR A QUICK 5% GAIN! ... NOW!
We believe TrueCar has found a quick bottom here and will make an attempt at line B which will also a 50 MA test and an upper falling wedgie test. MACD, RSI and today's volume and price action has confirmed. As always pay attention closely at the 5 min if you attempt at this quick trade!
Buy at Market open +30min. Watch 5 min formation for a touch at the 100 MA on the 5 min (This would be perfect time to buy or add). The attempt at the upper support should take 2-3 days. (5 min chart below).
Buy at Market open +30min. Watch 5 min formation for a touch at the 100 MA on the 5 min (This would be perfect time to buy or add). The attempt at the upper support should take 2-3 days. (5 min chart below).
Notice how the 5 min chart shows a Snap! and a constant Higher Lows and Higher highs. This trend shall continue and may stop at a test, in this case the resistances mentioned above. But it won't matter. At this point, you would have enjoyed a quick 5% gain.