Carvana ( NYSE:CVNA ), the innovative online used car retailer, has recently shown signs of a regular bearish divergence on its chart, indicating a potential reversal in its current trend. With an identified entry, stop loss, and take profit points, we could be looking at a shorting opportunity here. Technical Indicators: The regular bearish divergence, circled...
NYSE:CVNA Carvana short percentage of float is 56% or is it headed to a double top, shown in the chart.
I do believe that after the recovery from high loan's rates Carvana will be an unstoppable stock. Maybe this year 800 USD !
Carvana may have reached a bottom and may skyrocket in my prediction at least as far as HKEX:400 per share. Stay tuned!
@KalaGhazi #CARVANA CO looks like its going for a heavy ride!
The floor will be around this area I marked. All of the indicators are going down!!! MACD RSI🔻 Wait till the floor for entry
Clear Head and shoulders pattern formed on RSI. Short again. My last idea still stands.
The chart predicts vroom has a further downside. Mostly a steep 20-30% donfall in 2-3 days. The EMA is causing a lot of resistance. Wait for the entry. This is not the bottom.
Next Fib at @ $12 coupled with a lackluster model and about to hit BK all point to going down NYSE:CVNA
$CVNA pullback to support 1st resistance: $10.70 1st support: $8.97 2nd support: $8.34 $CVNA potential pullback to support. Just saying :) What are your thoughts? Comment below! Thanks, Kelly
Carvana is going down another 60% down. Short it it till 1.5 - 1 usd till it levels. Then only long..
Carvana stock looks very bad. It has created already new lows. We expect this trend to continue as Carvana doesn't look good also when it comes to its fundamentals. Carvana shares tank as bankruptcy concerns grow. Expecting a small bounce towards the resistance, next heavy rejection and the downtrend continuation . Play a small bounce or short it at the...
ENG: - Carvana is a used car dealership that operates like a unicorn. (they don't make money, they operate on loses). - Sadly, Carvana is NOT a tech company that can generate additional revenues in any other way other than: SELLING CARS. - Used car sales for the past 2 years went crazy towards the upside, and are now crashing fast. - Most car loans generated...
It has reached my target about $10. I am buying it. Looks oversold. I would wait until FEB for it to bounce and then sell again, hopefully for a double bottom. Peace !!!
The Cheat Sheet of the stock market + memestock cycle has this heading towards $33 and below if it breaks that support. Carvana still having issues with titling in multiple states and more states banning them makes for bear case short term.
Looking at the CVNA Carvana options chain, i would buy the $31.5 strike price calls with 2022-8-5 expiration date for about $2.05 premium. Looking forward to read your opinion about it.
Possible bullish wedge break, confluence with bullish divergence. Smart money flow index changing positive as of 6/17. TP1- $0.87 TP2 - $1.60 TP3 - $3.53 SL - $0.43
CVNA Was trading at $100 range pre-covid and now trading at $20. Major double bottom is vissble in the chart. At the very least I see it claiming high $40 range in couple of months or more. I don't deny that it has a chance to tag $10 and then start to rip.