With hindsight, it wasn't wise to buy
CVNA
as it gapped up (blue arrow). Luckily, the stock has consolidated without breaking down. Yesterday, following the FOMC decision, it broke above the consolidation range. Expect an upside move on
CVNA
but there might be a resistance near $56.
Comment:
The stock moved swiftly to $56 and went past this level. Happy to continue to hold and inch the stop level as it moves up.
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