PeterBry

Carvana channel bounce

PeterBry Updated   
NYSE:CVNA   Carvana Co.
Aug3 earnings will determine which way it breaks, but if/when it breaks the channel trend lines, will continue on to the resistance levels noted (which happen to coincide with the fibonacci levels so you have some convergence if that matters to you).
Trade closed: target reached:
Target at 42.69 was reached a few days ago.... shortly after breaking above the channel resistance. Also bounced nicely off the -61.8% fibonacci.
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