TRUE (TrueCar Inc) may or may not need one more thrust down within this bullish falling wedge. If not, any breakout soon is likely to reverse off the 10.57ish resistance level, potentially backtesting the wedge from above before a rally up to the 12.25ish level & possibly backfilling the gap up to the 14.30ish area.
TRUE daily June 1st
As it appears the upside following any breakout soon would be limited with by the 10.57ish resistance level not far overhead, I’m passing this one along as an unofficial trade idea at this time with TRUE on watch for a potential official long trade entry.