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Technical view on CAR

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Question asked 08/02/2021

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

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Carsales.com (CAR)

LAST UPDATED 08/02/2021 10:50

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