Good read on the $CAR parabolic short set-up. It is hard to tell the top in these moves, but if you manage your risk and stick to rules you can find great R/R opportunities!
$CAR just went from $107 to $608 in 21 trading days.
That's +468% on a car rental company carrying $25 BILLION in debt, that lost nearly a billion dollars last year, and just filed to dilute 15% of its shares. This isn't a breakout. It's a perfect parabolic short setup π§΅
I personally believe this $CAR move is coming to an end as it is getting vertical (Hyper-Parabolic).
I am waiting for a big gap-up, followed by a loss of Open price and high volume closing the gap. Will certainly be in my priority Watchlist in the upcoming days.
(Not FA)
Playbook stays the same:
β Trade leaders/momentum tickers
β Wait for weakness into support
β Execute when momentum returns
β Cut fast if wrong
Keep it simple and repeatable.
Not financial advice, just how I'm approaching the setup.
$BB closed at $5.50 today β up 74% in 3 weeks from $3.15.
Most see "another meme squeeze."
I see a real fundamental turnaround with NVDA, defense, and EV catalysts stacking inside a textbook momentum setup.
Thoughts π§΅
$CAR in one frame:
β +468% in 21 days
β $25B debt, -$995M loss
β Short squeeze + locked float (temporary)
β RSI 93, 150% above 20DMA
β Dilution + Pentwater unwind + Sell rating
β Consensus $106 (-82%)
Plan the trade. Wait for the signal.
Not financial advice.
How to survive shorting parabolics:
β Never short into momentum
β Half size (beta 2.25 = violent)
β Puts > shares when borrow is dirty
β Cut fast if HOD reclaims
β Scale out in thirds
β Day 1 doesn't always work. Sometimes day 3
Patience + defined risk = survival.