WIth CNX AUTO breaking its Lifetime highs and top auto stocks heading for BreakOut... Pick your winners from these 7 heavy weights of CNX AUTO (Monthly/Weekly charts for a birds eye view )
Your study is great. It is surprising that, Auto sector is performing when 1) Crude Prices are on record high 2) Semiconductor shortage 3) Recession threat 4) Increasing interest rates with record Inflation 5) Govt. planning for aggressive ethanol blending 6) Emerging Electric Vehicle market and challenges, related to that increasing.
Sector is trending UP but there are big hurdles on the way. let's see what happens.
Einstein15
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@TRADEWITHFUN247, FACTS! Yes. Thx for the informative comment. cheerz!
vijay4445
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In this market which is very obvious is rarely happens. when ppl guess not to happen, rally happens......
TRADEWITHFUN247
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@vijay4445, Actually we see rally first than it's reason... Let's see what comes out of it
Bravetotrade
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Hey, you proved that "art is not a thing, its a way to recognize oneself". Glad to see ya back 👍
Einstein15
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@Bravetotrade, Thank you. and Very Well said Mr. Bravo ...THE MOD! . Such a fitting role for such a learned fellow. Congratulationsss!
Auto sector is performing when
1) Crude Prices are on record high
2) Semiconductor shortage
3) Recession threat
4) Increasing interest rates with record Inflation
5) Govt. planning for aggressive ethanol blending
6) Emerging Electric Vehicle market and challenges, related to that increasing.
Sector is trending UP but there are big hurdles on the way. let's see what happens.