Get started
Carvana Co.
Updated

Carvana breakout

184
With hindsight, it wasn't wise to buy CVNA as it gapped up (blue arrow). Luckily, the stock has consolidated without breaking down. Yesterday, following the FOMC decision, it broke above the consolidation range. Expect an upside move on CVNA but there might be a resistance near $56.
Note
The stock moved swiftly to $56 and went past this level. Happy to continue to hold and inch the stop level as it moves up.
Trend_Trader_JSE
Also on:
carvanaChart PatternsCVNATechnical IndicatorsTrend Analysistrendtraderjse

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.
carvanaChart PatternsCVNATechnical IndicatorsTrend Analysistrendtraderjse
Trend_Trader_JSE
Also on:

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.