CVNA Short M-A set up with multiple factors

Apr 21

I started with 1% of portfolio and will add at 10-15% out of the money and another add at a pierce of the triple top.

One thing i forgot to do was use the FIB retrace tool that can also help a ton to see where we can potentially add to our short. I will keep studying this chart and keep a very close eye one it! Follow and like to see more trades!

Apr 29

Note

Quick update for all you folks I did just add to my short, 1% in the afterhours! As it hit my add level during earnings. I still like this short and building my position. AVERAGE PRCE $417.90 with 2% of portfolio.

May 10

Note

May 13

Trade closed: target reached

Great win for us folks! The Rsi is at low levels as well as the stochastic rsi. It could always go lower but we have a fantastic gain and lets book it and find another trade!

PROFIT: $3,427.25 USD AVG price 83.57 COVERED: $69.87
on 2% of portfolio 17.37% gain