Carvana Co.Long
Looks to continue to the upper bands length 215 before retrace
The uptrend isn't parabolic, but another name for it, I guess. But we understand indicators can move along in time, and the retrace hasn't been favorable to bears. A stretch outside the Keltner and/or a touch at the second layer of resistance may be enough to bring this down more than a peg or two. It's to be seen, but for now, I'm bullish on continuation to the upside along the upper band, almost like distribution.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.