CVNA built a cup base formation over 2.5 months before breaking up a minor neckline@34 on 5 Aug with very high volume.
It has also since broken above another neckline @ 47 and the trend is clearly up now. Any near term retracement should not go below 42
Manage positions with trailing stops.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
It has also since broken above another neckline @ 47 and the trend is clearly up now. Any near term retracement should not go below 42
Manage positions with trailing stops.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!