MaryBlossomJ

Cvna Put

Short
NYSE:CVNA   Carvana Co.
I'm very sad I was paying this more attention bc I would've noticed that it broke the trend line I drew on 8.22.2022.

I see this going to $26-23.55 in the next coming month.
Trade active:
It needs to close under $31.80 on the daily chart to see more down side the next day.

Most likely this will retrace back to $34-35 later this week then keep going down, if this closes above $31.80-32.
Comment:
It has reached a major support at $31.80-32, so we must wait to see.
Trade active:
Closing under $31 today!
Trade closed: target reached:
30 days later, target reached.
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