Putting on a Bear Call Spread. $1.44 Profit/ Loss $3.66 Max loss is $144. Profit target is $72 It looks like a false breakout and moving sideways. Market is going to get interesting as G20 meeting next week. I'm betting it'll be a letdown.
CVNA is slowly losing momentum. Recently released a debt issuance and it dropped its after hours trading lower to around $64. CVNA could lose steam and change direction like it has in the past. I write a call at $45 and buy a call at $70 expiry is August 16th. 45/70 Credit Spread EXP AUG 16. $1570/930 Risk (May change after I put on trade) Target exit is...
Adding a small Bear call spread on cvna, RSI bearish divergence major market volatility is increasing with tariffs and it's Double top. 70/75 exp June 21 Journal entry and not trading advice
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...
Toys R Us refuses to die. The hedge funds that own the debt of the bankrupt toy retailer decided to cancel an auction of assets and instead plan to revive the brand and even open new retail outlets. The prospects of another Toys R Us revival could become symbolic: the timing coincided with what looks like a top in retail stocks as represented by the SPDR S&P...
$CVNA Carvana Bullish Ascending Triangle. Buy signal will be strong break through $56 resistance. They had me at car vending machines. Targeting $60-$62 range near term