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.
This analysis is fairly straightforward. Carvana (CVNA) is nearly fully retraced. Momentum downward is slowing, multiple indicators are showing a bottoming pattern, and open interest in calls is increasing. Although the price can still fall another 10-20% to the low, it's likely that a bottom is near. This is an obvious choice for long-term investors who want to...
now that the FUD has settled down. everything becoming more autonomous. Less workforce required to be paid. it's simple next earnings will be positive. Not a financial Advice. I just like to draw lines on my charts.
Carvana is A GREAT BUY AT $85 expecting $125 next month
How beautiful this chart looks like! CVNA has dropped to a pre-pandemic level at its strongest support. Yesterday`s 19.3K Calls suggest a recovery to the $160 resistance area! Looking forward to read your opinion about it.
Yesterday i was amazed to see a block of 35K calls worth of $525K on VRM expiring May 20. And i will explain to you why they might be extremely profitable! Since its highs, VRM lost 97.76% of its value and it`s not a crypto, by the way, it`s a company that makes billions of dollars. The calls are related to the first Quarter earnings on May 9, so they expire 11...
Carvana Co., together with its subsidiaries, operates an e-commerce platform for buying and selling used cars in the United States. The company's platform allows customers to research and identify a vehicle; inspect it using company's 360-degree vehicle imaging technology; obtain financing and warranty coverage; purchase the vehicle; and schedule delivery or...
As the earnings is approaching. Carvana looking to bounce from its 200 EMA line. As it makes the move upward, it might potentially create momentum breaking its 21 day EMA (currently at $298) then its 50 day EMA (currently at $310). First target within next few daily sessions is $300 to $310. If it breaks above $315, Looking to test its ALL time high in next...
Carvana ( cvna ) has been in a rally since mid-May and recently Carvana beat earnings by over 160%. Shareholders who have been riding this profitable rally have raked in over 59% in unrealized gains. These same shareholders should now start to wonder if it's time to take some of that profit. For online used car dealer Carvana, acquiring vehicles is less of a...
Shift Technologies $SFT is similar to $CVNA and $VRM, but it has greater potential as of course somewhat more risk since it is the smallest of all. With the massive run of $CVNA and great potential of $VRM and $SFT it is expected the hot used car market boosts the sales of both companies and makes up for the stock pricing lag. Today, the QE2 will determine whether...
CVNA price action will be interesting to watch as it runs up to earnings. I don't think earnings will be different this time around - nothing has really changed with pandemic and people are still looking for used cars as an alternative transportation. Price action has been grinding the upward trendline as well, and hopefully continues to do so. Will be looking...
$CVNA Carvana Rising Wedge Near term target: $120 ($110 possible if wedge is broken) Note: Not investment advice.
CVNA has been on a strong upward trend for the past couple months and presents a great dip buy opportunity for a possible 35%+ return.
HAD THE WEDGE DRAWN WRONG. TOP OF TREND LINE WILL BE AROUND 91.00 AREA FOR BEST POSSIBLE ENTRY FOR LOW RISK SHORT.
CVNA is in a falling wedge and failed to hold above the 236 from ATH to recent swing low, super bearish. Daily bearish divergence playing out on the MACD, RSI showing continuation of the bear trend. VFI is super bearish indicating low money flow. All on daily time scales. There is weak support at 27.65, with major supports being both 23.60 and the bottom of the...
Short term i see this stock consolidate a bit, we are way oversold. But this stock is not done going up, carvana is a real business disruptor. Conservative price target for this stock is 50 dollar per share. In best case scenario, you could see this stock soar to 3 digits.