TSX:CAR.UN - Post by User
Comment by
KC8on Sep 15, 2018 6:06am
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Post# 28625405
RE:RE:Beautiful Chart
RE:RE:Beautiful ChartRobertAhzek wrote:
jgzeger wrote: The chart of CAR.UN looks very neat with stairstep increases in the share price for the longest time without any serious corrections. In fact, it looks too neat, like it's someone's dream. I don't trust charts like this. There haven't been any shocks to weed out weak hands and everyone has been lulled into complacency and the optimistic belief that things will only get better. But we all know that there are always significant corrections even with the best stock. It's just a matter of time before it happens to CAR.UN.
Robert - there is nothing wrong with taking a profit and congratulations on doing so. You may have made a wise choice. I also have just sold. The relative strength indicator is currently at its highest level on the 3 year chart. This may suggest a pull back may be soon coming. I like this company a lot, but as you suggested, there is always a pullback at some point. Best of luck going forward sir.
Gotta admit, I just sold. I know it's dumb to try to time the market but the price action that's happening right now kinda has to be a bubble. This is a slow value stock, and it isn't supposed to organically gain 10% in 10 days.