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goldenniners
Dec 17, 2020 6:01 AM

$VRM Long - Pre-Earnings melt-up? Long

Vroom, Inc.NASDAQ

Description

Summer IPO that faded out and long overdue for a rebound given the rally. Retail is bored with it and HF have been accumulating, particularly some top performing ones. Earnings in early February.

Equal legs target $68 if above $30-32. Strong [relative] historical volume at these levels and declining volume/bullish consolidation over the past few months, while everything else has been rallying.

Comment

Still very much intact. Fully expect VRM to hit the median of the trend line pitchfork before earnings
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