Credit Acceptance Corp. (NASDAQ - CACC) - Party Over ?

In the post dated on 11 May, the weekly chart of Credit Acceptance Corp showed the company share price has been trading side way since October 2015.

Daily chart of Credit Acceptance Corp.

The share price gapped up on 2 May with relatively very high volume. Thereafter, trending side way below $219.33 (2 May closing price) supported by relatively very low volume.

Weekly Chart.

From weekly chart, S-Trader Trend Tracker resistance level at $223.06 a great barrier for the share price to move higher.

Since Dec 2016, the share price attempted several to break above the resistance but unsuccessful.

Week ending 5 May, the share price tried to rally with relatively high volume which, comparatively higher than those price action between week ending 9 Dec 2016 and 6 Jan 2017. Despite that, it still failed. 

Is the smart money losing their faith on this company ?
 
Only a positive catalyst able to push thru' the resistance level.  

Weekly S-Trader Trend Tracker levels.
Resistance = $223.06
Support      = $186.90


Source :
1) Metastock