Subject: (CVNA) Consolidation & Continuation I've now updated my charting to further reflect my ongoing hypothesis regarding Carvana (CVNA) which points towards consolidation and continuation. Based on multiple key factors, I believe we have reached the presumed bottom of the large pullback on the 4hr timeframe.(ZigZag printed). The top was formed on 12/20/23 at...
NYSE:CVNA spotted forming inverse head and shoulders meaning bullish to upside however do note earnings is just tomorrow 22nd Feb.
CNVA is potential plan: -Inversed HnS pattern. -Demand zone. -Fibo. -Key level.
Welcome to RiskMastery's Breakout Stocks - Stocks with breakout potential. In this edition, we'll be looking at NYSE:CVNA ... I believe this code is at a point of potential volatility. If price can hold above $57.62 ... Bullish potential may be unlocked. My key upside targets include: - $71.75 (Conservative) - $90.48 (Medium) - $107.89...
Carvana Co. (NYSE:CVNA) , a revolutionary platform for buying and selling used cars online, attracts investors' attention, including due to a significant volume of short sales (short interest). This high short interest indicates that many traders expect the company's stock price to fall, which in turn may create potential for a sharp rise in stock price in case of...
After a textbook Breakout I speculate a retracement to the Daily Fair value gap and eventually reaching for the Buyside Liquidity above. Define the risk clearly and stick to your stop loss. Good luck. Not Financial Advice. Do your own due diligence.
RSI is high at 65.90 and beginning to touch the support line. If it breaks through we have plenty of upside. It is bullish trading above the 200 moving average. The MACD has crossed and we have earnings on Feb. 22. If the earnings are good, this could potentially continue to move higher like in the past. the volume is 6 million. Looking the white lines for taking...
Carvana has consolidated since last summer, but now it may be driving higher again. The first pattern on today’s chart is the falling trendline along the peaks of December and January. CVNA pushed through it this week, which may suggest a breakout has begun. Second, the online car seller bottomed slightly above a December weekly close of $40.26. Is that level...
Carvana may move lower here from the 45-42.5 range as IWM and growth weigh on equities. Showing signficant underperformance and could be exposed to any weakness out of the major indicies.
CVNA might offer another entry today. Might be a fake breakout first. But still interesting.
NYSE:CVNA Looking for small bounce back to 20 ma, maybe continue after but not looking for long/mid term, take small piece and leave risk reward in our favor
NYSE: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...
As you can see here we have NYSE:CVNA on the 4 hour chart. We have 4 confluences, we have the 200 MA, support, a demand zone and we are trending upwards on the weekly all showing we shall go up. Now, all I am looking for is a strong green heikin ashi candlestick to break this trendline with valid volume. I would be targeting the nearest supply zone around the...
CVNA is looking to breakout of this downward channel it's been caught in since mid December. It has reclaimed both the 50 and 20 EMAs and is pushing the top end of the channel. With 35% short interest, a bullish Fed decision could send this flying.
Double bottom into demand zone. Possible ER run up with some squeeze potential.
Big potential opportunity for impulse to the upside after a 3 wave pull back.