KAR Technical analysis, page-2

Nice, jmax. Let us know how you go and in particular, what price targets you arrive at. If you only look at the technicals, just know in the back of your mind, they have a heap more cash than the market cap, so what could possibly go wrong? Are you interested in BPT? I posted a chart there yesterday, looks like a potential breakout? Meanwhile here's an oil chart for anyone interested, in case KAR ever sell any, comments welcome:

Here's the Brent chart, showing it is now above the 76.4 fib retracement level, cementing the uptrend in place (traders are known to place bets on a break of the 50 level and take profits at the 76.4 level where uptrend can be rejected for a backtest.) looks to be heading to the previous high of $57.43 by start of Nov...