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
Let's see if it bottoms here and reverses up in the next week. Looking for $30 prior to August earnings on a reversal. $CVNA This is not trading advice
RSI has been hovering flatly around 30 since April '22. Breakout incoming! NYSE:CVNA Good luck everyone - C This is not financial advice
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.
As I predicted, Carvana's price bounced off of the Fibonacci retracement level. One important thing to note is that Carvana has never bounced more sharply off of a Fibonacci level as it just did. This gives a strong indication that this Fibonacci level may have marked a significant bottom. While price may try to retest the level or oscillate downward to...
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.
Core idea is within first 2-3 minutes. Everything seems to be going as expected so far. We will have to see where the Premarket is to get a general idea of tomorrows movement.
You can skip to 1:20 where I skip the quick update talk. Everything so far seems to be moving normally as expected. We will see in ~9 hours if anything substantial has changed.
Macro: Bearish Micro: High Bullish Potential I am more bullish than bearish currently. I would like to see a start in APPL above 148.75. I think that can take us to 162 at the top. I think if Appl breaks though, we could see others like Carvana and Bill go up 30% to their respective supports. I outline more of the specifics in the video. I hope you all are...
An analysis for CVNA, I have included some up channels and different price structural patterns A big takeaway however is the strong support line that has been hit (solid line) This is a basis for a long position
If you haven`t bought the dip when you saw the calls in the options chain: Then you should know that VRM Exceeded Q1 Guidance Across All Key Financial Metrics! 19,473 ecommerce units sold, +26% vs 2021 Ecommerce revenue of $675.4 million,+60% vs 2021 Ecommerce gross profit of $34.3 million, +8% vs 2021 quarterly loss of $0.71 per share vs a loss of $1.03...
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...
-DOJI CANDLE ON THE DAILY meaning whichever way we break we are more than likely to have an explosive move towards either direction -We closed slightly BELOW BUT still need confirmation
An upside breakout from a Continuation Wedge was confirmed. After a temporary interruption, the prior uptrend is set to continue. The pattern formed over 16 hours and 0 minutes, which is a rough guide for how long it might take to reach the target price of 142.0 - 151.0.