Had a nice 5 waves down and now looking for three waves up here towards 328ish
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...
BABA 1D I Testing the $205 area for the third time, could be seeing a triple bottom before the breakout from this falling wedge. NOW 1D I We could be seeing a possible inverse H&S, Watching above the $567 level for continuation and possible retest of $600 before its ER. GLD 1D I After breaking out from a bull flag back, we are seeing GLD retrace back and...
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 had a ripper of a day on the back of earnings. This propelled prices right back up to the major range highs. The difference this time around is that the volume is backing the move up now and earnings being the catalyst shows immense longer term strength (potentially weeks to months).
I missed the entry at $173 this morning but I was able to hop in at $196 and sell at $210. My overall PT was $230.
$CVNA Carvana Rising Wedge Near term target: $120 ($110 possible if wedge is broken) Note: Not investment advice.
Hello! Friends, -This would be a great Buy Opportunity, IF NYSE:CVNA breaks up the Resistance at $99.71 !!
It is approaching to the pivot resistance but RSI is still weak. The volume is above the average. I would watch RSI breakout instead of price
I will be looking for a short opportunity within the red zone.
I will be looking for a long trade opportunity within the green area
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.
Opened a position in this today when it broke the triangle. It did pull back in, I may have jumped the gun as this could be a false break-out. It is a nice pattern and did get an upgrade today with a $120 price target. I'm in at $96.02 still in the money. My stop is $90 and first target is a measured move to $112 then hopefully to $120 upgraded target. Ideas, not...
OK....THIS POSSESSED STOCK BOUNCED LAST TIME IT TRIED TO DUMP BUT THAT GAVE US REAL NICE BEARISH DIVERGENCE / DOUBLE TOP SETUP. NICE SELL SIDE ACTION ON FIRST DAY.
HAD THE WEDGE DRAWN WRONG. TOP OF TREND LINE WILL BE AROUND 91.00 AREA FOR BEST POSSIBLE ENTRY FOR LOW RISK SHORT.
CVNA - SHOWING TRIPLE BEARISH DIVERGENCE ON THE WEEKLY !