Shift Technologies on the verge of a bullish breakoutShift Technologies $SFT is similar to $CVNA and $VRM, but it has greater potential as of course somewhat more risk since it is the smallest of all. With the massive run of $CVNA and great potential of $VRM and $SFT it is expected the hot used car market boosts the sales of both companies and makes up for the stock pricing lag. Today, the QE2 will determine whether the outstanding resistance around 9.30 for $SFT can be broken or not; if so, it will open the door for higher prices in the coming days and weeks. $SFT has some really great growth potential when checking the stats. DYODD, not trading advice!
Carvana
CVNA Earnings IdeaCVNA price action will be interesting to watch as it runs up to earnings. I don't think earnings will be different this time around - nothing has really changed with pandemic and people are still looking for used cars as an alternative transportation.
Price action has been grinding the upward trendline as well, and hopefully continues to do so. Will be looking at 189 and 184 as possible entry points which is possible by Friday 10/23.
CVNA has also been surprisingly undersold since gapping up last month.
$CVNA Carvana Rising Wedge$CVNA Carvana Rising Wedge
Near term target: $120 ($110 possible if wedge is broken)
Note: Not investment advice.
Great dip buy opportunity on CVNA for a potential 35%+ ReturnCVNA has been on a strong upward trend for the past couple months and presents a great dip buy opportunity for a possible 35%+ return.
CVNA - SHORT UPDATEHAD THE WEDGE DRAWN WRONG. TOP OF TREND LINE WILL BE AROUND 91.00 AREA FOR BEST POSSIBLE ENTRY FOR LOW RISK SHORT.
CVNA falling knife, wait for the trade...CVNA is in a falling wedge and failed to hold above the 236 from ATH to recent swing low, super bearish. Daily bearish divergence playing out on the MACD, RSI showing continuation of the bear trend. VFI is super bearish indicating low money flow. All on daily time scales.
There is weak support at 27.65, with major supports being both 23.60 and the bottom of the channel. If the channel doesn't hold, the 786 from the major swing is the next psychological support, as well as the bottom of the wedge w/ stronger supports at 19.20, 16.75, 12.46 prices.
Carvana is not done going upShort term i see this stock consolidate a bit, we are way oversold. But this stock is not done going up, carvana is a real business disruptor.
Conservative price target for this stock is 50 dollar per share.
In best case scenario, you could see this stock soar to 3 digits.
