Carvana Co. Class A stock forum
CVNA dead cat bounce over at 8 I took another couple shorts as prior support look like the ceiling and rejection this morning room to tumble as the gentleman below miss timed his short as the the stock ran into a top hat at 396 and has been rejected multiple times. all the shady crap associated with hindenburg research ceo selling of shares and one other on the board ntm the 4.8 billion in debt load.my chart turned bearish on the one minute as I wrote the above 8:30 am pacific time
CVNA a nice two days for those that shorted this pos keep tanking.CVNA how is this ponzi scheme still going? Bet they donate money to newsome.
CVNA ffs just go down bruh
CVNA as long as price continues closing below the 395 mid-term resistance, downside momentum toward the 300–280 macro support zone remains the primary scenario.Chart: tradingview.com/x/J6WaxY0R/
Price has followed closely the trend structure in prior updates:
• On bounce potential (Aug 5): tradingview.com/symbols/NYSE-CVNA/minds/?mind=2P49LsfRQtW5U1Tf-IF16A
• Macro resistance (Aug 1): tradingview.com/symbols/NYSE-CVNA/minds/?mind=-XMdaNFHQi2gI9uBxZu20Q
• More upside potential (Jul 21): tradingview.com/symbols/NYSE-CVNA/minds/?mind=XzEJB6tOSYuw2Mh2BA-5Ng
• Constructive bounce (Jul 2): tradingview.com/symbols/NYSE-CVNA/minds/?mind=BHPi5jBBTSW-jJaWMdLsFQ
• Mid-term support pullback (Jun 11): tradingview.com/symbols/NYSE-CVNA/minds/?mind=B87Y42qyT7CsqDlR_TlrMg
• Upside toward Aug ’21 ATH (May 25): tradingview.com/symbols/NYSE-CVNA/minds/?mind=rpDpgJvATB2r7gV9jrgFSQ
CVNA ROOT warrants officially expired worthless as of yesterday. Non cash hit to EPS of well over $1.50 per share ($180+M) coming in Q3. No related guidance from CVNA and nothing baked in to analysts forecasts. The question is will anyone care :)? It's 1% of the used car market and valued higher than Carmax and Ford combined.
CVNA looks like a multi-layered head and shoulders forming on the higher time frames. Earnings pop was the head. Head probably completes around $290-300CVNA $335.40. Any price below this and we are going down.