CARVANA NYSE:CVNA - Feb. 15th, 2024
BUY/LONG ZONE (GREEN): $48.00 - $60.00
DO NOT TRADE/DNT ZONE (WHITE): $40.00 - $48.00
SELL/SHORT ZONE (RED): $25.25 - $40.00
By request. My main focus would be on the range between $40.00 - $48.00, this area has determined the trend five times, which are seen each time price touches and breaks or touches and rejects....
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...
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?
CVNA on the 2H chart appears to be retesting the resistance zone established by a head and
shoulders pattern over the middle of June. Additionally, on the stochastic RSI it is at a level
from which it reversed on May 25th as well as the pivot highs associated with the H & S.
While volume is above the running average, it is not a spike and so without high...
As I predicted, Carvana's price bounced off of the Fibonacci retracement level. One important thing to note is that Carvana has never bounced more sharply off of a Fibonacci level as it just did. This gives a strong indication that this Fibonacci level may have marked a significant bottom. While price may try to retest the level or oscillate downward to...
This analysis is fairly straightforward. Carvana (CVNA) is nearly fully retraced. Momentum downward is slowing, multiple indicators are showing a bottoming pattern, and open interest in calls is increasing. Although the price can still fall another 10-20% to the low, it's likely that a bottom is near. This is an obvious choice for long-term investors who want to...
An analysis for CVNA, I have included some up channels and different price structural patterns
A big takeaway however is the strong support line that has been hit (solid line)
This is a basis for a long position
