Optimistic view on CVNA Hi, I've taken my time to look into this graph, I see a quite clear willingness to bounce off of 200 MA daily, and could be a stop loss for an entrance with a less tight stop than the ones plotted on the graph.
I see the stock as being on a 3rd wave of its bigger 3rd wave, which should be great, hence my optimism.
I also believe it might go quickly from this spot in the coming days, as it has shown support on the 50 MA daily, which earlier has been the starting point for moving higher quickly.
I don't own this stock, always do your own DD.
Happy trading.
