Stock to Watch: Carvana (CVNA)
(CVNA Long Above 52.25 , Short Below ! 50.59)
Carvana has shown impressive performance, gaining 12.08% since August 28, 2023.
On the latest trading day (September 1, 2023), the stock continued its winning streak, rising by 0.99% and closing at $50.85.
Notably, Carvana has experienced six consecutive days of gains, showcasing its...
We are in an uptrend and we will not go against this trend. However, if the resistance line is broken with force by a large green candle and followed by a large green volume it means that as soon as the second green candle appears with a large green volume we can enter a buy position. . On the other hand, we could have a reversal of the trend if and only if the...
Im keeping bullish expectations on carvana I expect price to make a structural retracement
to my highlighted zone followed by stonks stonks stonks baby nothing to do with the underlying business at all just momentum and a whole lotta sass
that said here are some encouraging words from Ernie the CEO
“Carvana performed exceptionally well in the second quarter and...
Five historical downward waves were created from the highest peak to the lowest bottom, after which only three upward corrective waves were formed, not a motive, and correspond to wave 4 of Elliott’s law. It is now possible that five more waves will be made to re-test the historical bottom of the currency, including the termination of wave C
many bullish bounces from this support in the past few months, dipping on low volume and at strong support zone.
I like chances for bulls here, bounce to 53-57 can happen. break below 40 and bulls may lose short-term control.
Boost and follow for more.. thanks 💛
Hi guys, this is a technical Analysis on Carvana (CVNA) on the 3 Day Timeframe.
We've had a MASSIVE rally in CVNA, from MAY till reaching our current MAJOR RESISTANCE ZONE indicated by the GREEN RECTANGLE with RED borders.
We've reached it and got rejected from it on July 19th. We've made our way back up however and are currently forming a LOWER HIGH. Note...
Folks just wanted to share back test results on a CVNA auto trading strategy. It was great fun to code this strategy and able to back test over last 3 months of data.
Ofcourse back tested results on historical data does not guarantee same results in future! But I am participating in this new AI Era. People talk about AI, read about it but how many are actually...
DBL TOP on Carvana. Elevator down? Where to? Short this I guess. Seems to be a popular pattern right now on lots of long term plays. How low can you go?
From my previous post on CVNA, you can see that I have an overall bearish outlook on the stock due to a dubious earnings report last week and a share offering that could add 35m shares to the float.
I have been watching the 2hr chart closely, which shows that we could be in for a large drop soon followed by a downtrend. This is best illustrated by looking at...
Arguably the best performing stock in 2023, Carvana Co. (NYSE: CVNA) remains on a steady upward trajectory following its impressive Q2 performance. With the company smashing analyst expectations for Q2 revenue and EPS, the company shared more positive news regarding its debt. As is, the company reached an agreement with its noteholders to eliminate a substantial...
Shorted CVNA when it broke support at $50 after a huge leg up on Wednesday. Looking ahead to Friday, VWMA and MACD on 15m chart could flip positive during early trading - pushing price up along the edge of the cloud - before hitting heavy resistance around $48.30. If the price follows the dotted arrow pattern, it may drop significantly before close or after hours....
bought yesterday a put option strike $50. It was expensive with breakeven of dropping to $36 from $50 but I think it will be in the money as this is a strange stock move with very high volume but small candle. So there might be some price manipulation in the price for pump and dumb effect.
Hello friends.
We have shorted CVNA with a small size. We placed a stop loss above the local high at $57.19 and a take profit down at $30.
The idea for this trade is based on elliott wave theory. The cleanly visible wave count shows a completed move to the upside which means we should expect substantial downside for CVNA in the near future. The other reason we...
Looks like Caravana is testing the high from 8/2023, we could see higher highs if it breaks and stays above that high. It gapped so as soon as it fills in that gap it should take off.
#CVNA forming massive bullish divergence on RSI and preparing to fly away. I entered this trade today and hoping for TP at 50$ and 69$
Already had massive gains in the last couple of months run
