CPRT has a nice setup to continue pushing higher. Nice long lower shadow at a key support level indicates that buyers are stepping in. $145 is my PT for Friday.
CPRT breakout from 8 month long base with decent volumes. One of my favorite setups. Breakout point 130.96, closed above it.
CPRT made a nice 136% run from the bottom in March to the top in Nov. it’s now been basing for the better part of a year. I think it’s ready for the next leg higher.
$CPRT Retesting a strong resistance with increasing volume. We could likely see a breakout soon and leg up to a new ATH. Beat previous quarter earnings by over 36%. Will be watching this one closely
Whichever line CPRT breaks it moves in that direction and other line act as SL!
In the case of CPRT, 5 of my algorithms signaled a SELL on April 6, 2021. Equities nearly always obey the signal and move down, but sometimes it may continue to move up first. I really like this one because the RSI signaled SELL a few days prior and it is an early warning signal of near-term movement I have placed two red boxes and two green boxes on the chart....
Entry: 112.10 or a lower price Stop: 105.00 Target: 132.00 Good risk/reward reversal setup to the upside after trendline break looking for price to head back toward the range (rectangle)
-Support at:119$ Resistance at:~132$ -Quarterly Result Trend:Fluctuating Target price: 126$
I like this trade because it is well capable of providing 5:1 risk reward on below 3% risk along with the chart/technical showing 2 previous retests of the 116.50 area.
Potential long above $118 Target price $133
CPRT is being rated a sell by trading view and is currently bear flagging. It could potentially break lower. As always be sure to keep a stop loss on trades like these, as it is possible this is building momentum to reverse upwards.
CPRT - It has completed impulse up cycle in 4 hr time frame from major low. The sharp drop looks more like a wave A and expected to correct in B wave in choppy fashion. Sell it near 122-126 with stop level above 130.70 for target zone near 107 or even lower level. Give thumbs up if you really like the trade idea.
CPRT confirms the "Cup and Handle" pattern and is moving well. CPRT buy : $95-100 CPRT target : $130 Stop loss : 10% Wish you a good deal!