What is Happening to LatAm Auto Ltd’s Share price?

What Does LatAm Autos Ltd Do?

LatAm Autos [ASX:LAA] is an online car classifieds. It has operations in 6 countries across South America, with a total population of 222 million.

LatAm Autos claim increasing car ownership in Latin America and they consider themselves early movers into the region.

That’s interesting, but what’s the chart telling you?

What Does the Chart Look Like?

When researching a stock, I always find it helpful to bring up a chart. Here’s the daily chart of LAA:

LatAm Autos Share Price Graph
Source: STEX

As you can see, as a stock that just listed late last year, the early indications suggest their business model is satisfactory.

What now for LAA shares?

One could look for future news announcements from this company, suggesting growing revenues etcetera. Let’s wait and see.

Every day another plane leaves the airport. So it is with the market. You just need to know where to look for good stocks to buy and a little charting knowledge to take advantage of it all. You can get all that and a whole lot more here.

Truly it will be the best investment you could ever make.

Terence Duffy,
Research Analyst, Cycles, Trends and Forecasts

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Terence Duffy is an analyst and chartist, specialising in researching economic trends and cycles.  His primary focus is housing and land affordability. But you can also depend on him to offer his unique analysis of stock market charts. As Terence will show you, the charts often forecast, well in advance, the good or bad news to come — which he details in Cycles, Trends and Forecasts.

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