VNSmartMoney

CVNA:NYSE will reach $130-$135 in 2024

Long
BATS:CVNA   Carvana Co.
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 attainment of the price range between 130-135 by the year 2024.

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