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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.
NYSE:CVNA
by itsmiguelsol
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.
NYSE:CVNA
by remlog