Auto Trader Group PLC
Long
Aktualisiert

Auto Trader - Accumulation Wyckoff Event. Long Term Target 820

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Auto Trader is n the latter phase of an 2 year accumulation that began a few months after IPO.

SOS in the last couple of days following on from the typical phase C higher lows suggest that floating supply has been dried up and the markup phase is about to begin.

P&F count give an upper price target of 820 - there is no timeline on this target.

o the H1 TF, bears are attempting to bring the price back to the green TR for a BU test. Their efforts are so far unsuccessful.
Anmerkung
P&F Count for green range leave a shorter term target of 460-490

A strong move to/through this range would constitute a jump across the creek, further strengthening the long term bull case. Bull flag forming around the 420 mark at the time of writing.

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