Technical view on CAR
“ Hi MM Team, can I have a technical view on carsales.com (CAR)?” - thanks Tim C.
Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
“ Hi MM Team, can I have a technical view on carsales.com (CAR)?” - thanks Tim C.
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.
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