Skip to Content
scroll

Technical view on CAR

Advanced Search

Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.

Ask a question

    The Latest Q&A

    Question asked

    Technical view on CAR

    “ Hi MM Team, can I have a technical view on carsales.com (CAR)?” - thanks Tim C.

    Answer

    Morning Tim,

    Careslaes.com enjoyed a strong rally last week after being upgraded by Goldman Sachs with a $22.80 price target, if you blinked the stock was up 10%. The technical picture is not as clear as some and of course they don’t always play out as expected but our preferred scenario is CAR initially has another 10% upside over the coming months.

    CAR
    MM likes CAR looking for another 10% upside
    Add To Hit List
    chart
    image description
    Carsales.com (CAR)
    image description

    Relevant suggested news and content from the site

    image description
    Overview
    image description
    A discussion with Geoff Wilson – Wilson Asset Management & James Gerrish – Market Matters
    image description
    Thursday 17th April – ASX +24pts, CGF, BHP, STO
    image description
    Major Movers Today
    image description
    Ausbiz: Research Lead Shawn Hickman discussing Copper
    image description
    Thursday 17th April – Dow -699pts, SPI down -26pts
    image description
    Stocks This Week – Source Bloomberg
    image description
    Wednesday 16th April – ASX +20pts, BOQ, RIO, ZIP
    image description
    Sectors This Week – Source Bloomberg
    image description
    Wednesday 16th April – Dow -155pts, SPI down -3pts
    Members only

    UNLOCK MARKET MATTERS NOW

    Take a free trial.

    No payment details required.

    Already a member? Click here to login
    Back to top