As we all know the used car market continues to have it's issues, CVNA insiders started to sell this month. What do they know? We know by looking at our momentum indicators that momentum is dying and also happens to be printing out a head and shoulders pattern at key fib level. Expect and nice drop to next major support level.
My attention was drawn to CVNA as a possible long trade last year due to extreme pessimism around it on social media. I seen about 20 people calling for it to go bankrupt in the same day. I often find when this happens it's worth having a look for TA patterns suggesting a "Fade the obvious" type of trade. Which CVNA had and has worked out really well. I gave...
If we open up below this PB, then look to short down to the 71.75 level
Great buy opportunity on Carvana. Underbought and negative media surrounding this company. The tides are turning.
CVNA, now at 80.7 on MArc-15-2024 : Per EW, this is in wave4 of wave5 uptrend Buy few at cmp, Buy few if this falls to 65,52 Uptrend confirmation at 90.34 Tehreafter levels to watch --> 102.07, 109.32, 115.2, 121 Expected gains from cmp --> 50%
As a general rule, parabolic trends will tend to correct sharply, get back to the mean, spike out the mean/previous low and then return to the mean where either a new uptrend starts or it meanders along sideways for a while. A return to the mean in this case would be a massive percentage gain.
Look what we have here. Incredible price action from this stock.. what should you do if you hold it... or if you are feeling #FOMO maybe this idea will help. Inverse Head and shoulders there for all to see.
post on DEC 18... After a decline of almost 100% and entrenchment at the bottom with high trading volumes A purchase will be made Breakout of $58.05 with supporting volume, target $160 Not a recommendation www.tradingview.com
CVNA is coiling beautifully after the power earnings gap. 7 straight days of consolidation. This looks ready to break out if QQQ heads to new highs. Targets $85 then $90
-a very volatile title bull flag pattern upward pressure to watch when opening.
Carvana Co.( NYSE:CVNA ) stands as a testament to resilience and adaptation. As the online car retail giant braces for lower interest rates amid tightening lending standards, it navigates through challenges with strategic maneuvers and a steadfast commitment to its vision. In a recent interview with Bloomberg News, Carvana's Chief Financial Officer, Mark...
Hi, looks like if CVNA breaks $60.5 and end the week above $60.5 it has all the chances to go to $90. Beware it's RSI is already too high. Break and confirmation is important. Cheers, Happy trading
So a used car dealership is worth FWB:15B 🤣. I get the current price action given before earning and at it's peak almost 50% of it's float shares were shorted and it would take almost 6 days for everyone to cover their short positions. But this company has almost SEED_TVCODER77_ETHBTCDATA:7B in debt, making $250 million in loan payment annually, losing cash...
This will be an excellent (and may I saw obvious) trade to look out for today. After a strong move post-earnings, we have already shown signs of buyer weakness at these levels. Today we are looking for that squeeze and proof of buy side tapering at the top of our yellow and blue tapered buying continuation channels. They line up perfectly and will be wedging with...
Carvana had been a great stock for me this year. I am expecting more gains in next year with the break in the handle. Looking at the possibility of another 100% gains technically next year. Will update more as I go through the fundamental and sentiment picture.
CVA on the 30-minute chart shows a high tight flag pattern after the big report of profit on an annual report. Inflation is affecting auto stocks and recession is increasing the number of used care purchases while inflation hangs in there. URLs for both a description of the pattern and the news are embedded in the drawing. The RSI indicator shows a...
Charts looks way bullish technically speaking. It can easily hit 140. It may retest 55 before another leg up. SL 44.
Carvana ( NYSE:CVNA ), the online used car retailer, has announced its first-ever annual profit, signaling a remarkable turnaround for the company. Bolstered by strategic debt reduction measures and a surge in demand for used cars during the pandemic, Carvana ( NYSE:CVNA ) has defied expectations and emerged stronger than ever. The company's journey to...