RSI is high at 65.90 and beginning to touch the support line. If it breaks through we have plenty of upside. It is bullish trading above the 200 moving average. The MACD has crossed and we have earnings on Feb. 22. If the earnings are good, this could potentially continue to move higher like in the past. the volume is 6 million. Looking the white lines for taking...
Carvana has consolidated since last summer, but now it may be driving higher again.
The first pattern on today’s chart is the falling trendline along the peaks of December and January. CVNA pushed through it this week, which may suggest a breakout has begun.
Second, the online car seller bottomed slightly above a December weekly close of $40.26. Is that level...
CVNA Carvana is starting to move above the 200 day EMA 'watermark'. As interest rates level off and eventually come down, the consumer will have a green light to make big purchases again. CVNA shows a lot of opportunity (800%?) between current price and all-time highs. Why is Carvana not on your watchlist?
Carvana may move lower here from the 45-42.5 range as IWM and growth weigh on equities. Showing signficant underperformance and could be exposed to any weakness out of the major indicies.
NYSE:CVNA
Looking for small bounce back to 20 ma, maybe continue after but not looking for long/mid
term, take small piece and leave
risk reward in our favor
NYSE:CVNA CVNA:NYSE will reach $130-$135 in 2024.
Given the market signals outlined below for CARVANA CO. (CVNA:NYSE) on the weekly chart (W1):
1. RSI convergence
2. Gradual narrowing of the price channel
3. Substantial volume observed in bottom fishing
4. Decreased volume during recent corrections
The CVNA stock exhibits indications that suggest a potential...
As you can see here we have NYSE:CVNA on the 4 hour chart. We have 4 confluences, we have the 200 MA, support, a demand zone and we are trending upwards on the weekly all showing we shall go up. Now, all I am looking for is a strong green heikin ashi candlestick to break this trendline with valid volume. I would be targeting the nearest supply zone around the...
CVNA is looking to breakout of this downward channel it's been caught in since mid December. It has reclaimed both the 50 and 20 EMAs and is pushing the top end of the channel. With 35% short interest, a bullish Fed decision could send this flying.
Reverse head and shoulder on the reverse head and shoulder. The breakout of the smaller head and should takes us above the neckline of the larger head and shoulder. Strong buy!!!
CVNA on a 30 minute chart trended up from November post earnings for 6-7 weeks until
December 20th and then started falling from a head and shoulders pattern at the pivot.
The Fib retracement tool is used to draw the retracement of the prior up trend. The Trend
Based Fib Time is used on that prior up trend to show fib levels across time instead of...
CVNA has broken out of a wedge on the daily chart after carving out a nice bottom. 40% short makes this a very appealing squeeze candidate. Let's see how it closes!
Looks like CVNA is ready to breakout in a cup/ handle. Everyone said that it broke out already and is now dying down. But the final handle/ falling wedge is showing signs of a breakout. I posted this at $42 last week but re-emphasizing at $44. As long as you hedge you're not late.
You can capitalize on both ups and downs if you have insurance (hedge).
CVNA looks to be consolidating here. It looks like the bottom may be in and it is forming two bullish patterns at once - a megaphone as well as an inverse head and shoulders. Neckline is in purple, megaphone in orange.
Subject: Pullback & Future Outlook
Based on my analysis, it's not surprising CVNA is seeing a large pullback. Especially after confirming the cup and handle pattern by breaking through historical resistance at $40 price level. It then briefly broke through historical resistance at $55 price level before pulling back.
CVNA is currently filling the large volume...
