BBTrader29

CARG Head and Shoulders

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NASDAQ:CARG   CarGurus, Inc.
CARG is forming a head and shoulders pattern on its longer term weekly chart, proving it to be even a stronger pattern. I expect a further breakdown beyond the neckline to a modest level of $28.5 where it will reach its original IPO price which by then will be a good time to get out. The RSI index is also creeping into a bearish zone.
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