a FREE longer term momentum play on CVNA 5 TO 10 bar hold on CVNA weekly run potential. Want for this to be a winning trade whole time stop under $40 / trailing momentum up. Target just under $80
CVNA trade ideas
Next support could be $33The Cheat Sheet of the stock market + memestock cycle has this heading towards $33 and below if it breaks that support.
Carvana still having issues with titling in multiple states and more states banning them makes for bear case short term.
CVNA - up trend underwayCVNA built a cup base formation over 2.5 months before breaking up a minor neckline@34 on 5 Aug with very high volume.
It has also since broken above another neckline @ 47 and the trend is clearly up now. Any near term retracement should not go below 42
Manage positions with trailing stops.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
CARVANA - LongGood Day!
Have been tracking this idea for a while, and we've seen excellent upside so far.
Retracements could provide further opportunities to increase positions.
What do you think about above?
Best,
Figuring Out Finance
#cvna #stockThe end of the negative trend?
The wedge shape seems to be broken, the movement of the indicators confirms the change. The exchange rate is looking for a direction.
The next 5 waves emerging?
Cvna short from 35Gambling on ER 35p looking for a move down to mid 20s. This run up into ER feels fishy af.
CVNA Carvana Options Ahead Of EarningsLooking at the CVNA Carvana options chain, i would buy the $31.5 strike price calls with
2022-8-5 expiration date for about
$2.05 premium.
Looking forward to read your opinion about it.
CARVANA - BottomingLet's see if it bottoms here and reverses up in the next week.
Looking for $30 prior to August earnings on a reversal.
$CVNA
This is not trading advice
CARVANA - RSI 30RSI has been hovering flatly around 30 since April '22.
Breakout incoming! NYSE:CVNA
Good luck everyone
- C
This is not financial advice
$CVNA Quick Double - Best Case ScenarioCarvana stock is more hammered than a freshman in college trying to rush a fraternity.
Is there more downside potential in the short-medium term? Absolutely. But, there's currently a hollow green candle on the monthly chart and the daily chart is showing some signs of possible reversal (yes, I'm writing this after a 12% down day).
Trade plan - buying shares and looking for 25-50% upside in the next several weeks prior to an earnings report that could do further damage to the stock price unless there's a positive suprise or some sort of good news (not sure what that could honestly be).
30+% of short interest is another factor why we could see a quick uptick prior to earnings in the case that shorts cover prior to earnings.
Bought: $22
Target range to sell: $30-35
Good luck people!
- C
As always, this is not advice just tracking my personal trade.
CVNA Carvana Co Long term bullish viewCVNA Was trading at $100 range pre-covid and now trading at $20. Major double bottom is vissble in the chart. At the very least I see it claiming high $40 range in couple of months or more.
I don't deny that it has a chance to tag $10 and then start to rip.
Used Car Market is Stronger than This Chart - CVNA going upReasons to buy stock, open bullish spread, or long swing calls:
> RSI and stochastic both beginning to turn up with short term line crossing over longer term line.
> Yellow line shows first target to 64, which is more than double current stock price.
> Price is far from 20sma and due for mean reversion.
> Over the next few months, if warranted, price could go 3x or 4x higher into the upper yellow bands, 80-100 and 125-145.
> Company's Chief Product Officer made a huge purchase in June.
> Used car sales have been relatively strong due to demand from car rental companies.
> Risk is low if you buy under $30 (ideally under $28), with unusually high reward.
Carvana Bounced Heavily Off Fibonacci LevelAs I predicted, Carvana's price bounced off of the Fibonacci retracement level. One important thing to note is that Carvana has never bounced more sharply off of a Fibonacci level as it just did. This gives a strong indication that this Fibonacci level may have marked a significant bottom. While price may try to retest the level or oscillate downward to consolidate, the underlying currents in the broader market are bullish. While I don't give financial advice, if I were shorting CVNA, I would definitely be taking profit and closing my position. This is a very bullish signal.
See my post here from three weeks ago:
Not financial advice. As always, anything can happen.
Buying Opportunity: Carvana (CVNA)This analysis is fairly straightforward. Carvana (CVNA) is nearly fully retraced. Momentum downward is slowing, multiple indicators are showing a bottoming pattern, and open interest in calls is increasing. Although the price can still fall another 10-20% to the low, it's likely that a bottom is near. This is an obvious choice for long-term investors who want to enter at the bottom to go long. Be aware that this is a monthly chart and reversals can take time. Conservative investors may wish to wait until a bullish monthly or weekly candle forms before entering to go long.
Not financial advice.
CVNA now that the FUD has settled down. everything becoming more autonomous. Less workforce required to be paid. it's simple next earnings will be positive.
Not a financial Advice. I just like to draw lines on my charts.
CVNA Support Line HitAn analysis for CVNA, I have included some up channels and different price structural patterns
A big takeaway however is the strong support line that has been hit (solid line)
This is a basis for a long position
CVNA strongest supportHow beautiful this chart looks like!
CVNA has dropped to a pre-pandemic level at its strongest support.
Yesterday`s 19.3K Calls suggest a recovery to the $160 resistance area!
Looking forward to read your opinion about it.
$CVNA with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $CVNA after a Positive Under reaction following its earnings release placing the stock in drift A.
Carvana (NYSE: $CVNA) Starting To Look Interesting! 🚗Carvana Co., together with its subsidiaries, operates an e-commerce platform for buying and selling used cars in the United States. The company's platform allows customers to research and identify a vehicle; inspect it using company's 360-degree vehicle imaging technology; obtain financing and warranty coverage; purchase the vehicle; and schedule delivery or pick-up from their desktop or mobile devices. Carvana Co. was founded in 2012 and is headquartered in Tempe, Arizona.
CVNA PUTS!!!-DOJI CANDLE ON THE DAILY meaning whichever way we break we are more than likely to have an explosive move towards either direction
-We closed slightly BELOW BUT still need confirmation
$CVNA Trading it 3/31below 125
117-120 possible intraday
idea only valid if market red/negative 2morrow
#optionstrading #options #daytrading #tradeideas #stockmarket
CVNA LONGAn upside breakout from a Continuation Wedge was confirmed. After a temporary interruption, the prior uptrend is set to continue. The pattern formed over 16 hours and 0 minutes, which is a rough guide for how long it might take to reach the target price of 142.0 - 151.0.
