TONY_Options

VRM Idea - Trade Going into Earnings

Long
TONY_Options Updated   
NASDAQ:VRM   Vroom, Inc.
This is not a recommendation and is practice for me. Looks like a downward wedge has formed in the past month. Price is trading within the wedge formation. I anticipate a breakout of this trend by next week and see a price target of $54-$56. Uptrend going into earnings should start at least 1 month out from 11/12. Like this and comment if you agree or see anything different.
Comment:
VRM is continuing to trade in its given channel. I expect a price increase by early next week. Good time to buy (Not a recommendation or advice)

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.