Subject: Cup and Handle Formation Based on my charting analysis it's evident that a cup and handle pattern has formed on CVNA. This is highlighted by the lime green lines on the chart. The RSI and Volume indicators show a progressing upward trend to break through established resistance at $36.63. This resistance level was re-established by a retest on 11/15/23...
lower timeframe for full analysis - the original idea + targets indicated
I have a feeling the chop zone is going to end by Monday. The negative divergence on the daily stochastic suggested it will break down not up. First target is 28. Second is 26 for gap fills
testing the Mando model with ICT concepts on CVNA - no position just observing - assumption next draw on liquidity is around 57
Publishing this CVNA chart, as it's been an interesting one to follow. Above all the moving averages and looking to be retesting previous resistance. Interested to see how this plays out considering the new, high interest rate environment and the current state of car sales. From it's 3.60 low to now it's gone through a 10x rise, let's see how it opens 2024.
CVNA has had a nice rip from the October lows but I'm wondering if that will fizzle out on the prospect of small cap stocks and retail names pulling back. May be short term but we'll need to see how things play out.
NYSE:CVNA has a good potential in the nearest feature, but it needs for correction. 29-31 is a layers to be ready to buy. Does not constitute a recommendation. #furoreggs #investing #stocks #shares #idea #forecast #trading #analysis If you want to discuss, please subscribe and challenge this point of view )
If you haven`t bought CVNA here: Then analyzing the options chain and the chart patterns of CVNA Carvana prior to the earnings report this week, I would consider purchasing the 25usd strike price in the money Calls with an expiration date of 2023-11-17, for a premium of approximately $3.95. If these options prove to be profitable prior to the earnings release, I...
UpDating: This is possible. Any idea please share it ? Big hedgefond still holding CVNA in portfolio. 2 minutes ago Comment: We need a Big Green candle for positive sign for reversal. Also it's look FLAG Pattern.
This is possible. Any idea please share it ? Big hedgefond still holding CVNA in portfolio.
LONG-TERM: Larger potential cup and handle, classic bullish divergence, falling wedge. (not financial advice)
NYSE:CVNA RSI getting high and momentum peaking as it approaches 52.50. Short at 52.50 - 53.00 with duration of 3-4 weeks for options
We'll see if CVNA can get an oversold bounce at least up into 50 or maybe more, we'll see
Hi guys! This is a quick analysis on my opinions on a current chart pattern that may be playing out in Carvana (CVNA). At first glance you can notice the formation of a Bull Flag on the 1 Week CVNA chart. As you can see we have had our Sharp price move to the Upside, almost resembling a straight line up. This is known as the Flagpole. The Volume spike seen in...
Hello, It has been a very long time since I posted and I have started to go from an institutional style to adopting some Qullamaggie's breakout style. I still do longer-term trades as well. This stock is breaking out from a range, not at tight as I'd want and not with as much volume as I would like but I am betting on previous momentum to help the trade work.