WadeYendall

CVNA on watch

Long
NYSE:CVNA   CARVANA CO
Chart looks a little messy but price has broken the downward trend line and sits just
below the 618 of the downward move. If price can break and hold the top of the box
a move back to the high is possible.
Comment: I use a box like this to define my entries and control my risk. I stay long above
and exit below.
Comment: Stopped. Will re enter if it sets up again.

Comments

Thanks for the post. That breakout looks like it can rally much higher if the high is taken out in 1 shot.
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