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...
NYSE:CVNA I'd like to see this one move sideways to consolidate and gain some strength in the morning before it gets going (just like drawn on the chart). buy as a swing trade above 37.14, with a stop at 35.48; however, if the stock gaps up at the open or breaks through the resistance without any pullback, then don't chase it.
Please like and comment if you...
CVNA has broken out of a downtrend that started in mid September. It is also testing the resistance line of a rounding bottom that started forming in early December. I went long near the closing price of the breakout day based on break of downtrend. This trade would be considered premature in terms of the rounding bottom thesis but I may add to my position if...
I missed this, since it wasn't even on my watchlist just noticed in today scan. Sometimes I feel weekends slow me down, but they can be helpful.
Set up is so nice in this, and looks set to continue so still a buy.
I hope this doesn't happen but keep an eye for the right shoulder.
The CEO, Garcia has also been doing a lot of selling since September. He stopped the selling since Oct 17th. Let's see if the pressure been lift off.
$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
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.
