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CARVANA COCARVANA COCARVANA CO

CARVANA CO

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CVNA trade ideas

$CVNA Perfect post IPO Phase Base... #InvHeadnShouldersSince I've been feeling the love from follows and comments, I've decided to post what's probably my most "Warren Buffett" style stock to own for years to come... Yep, Carvana Imagine a world where all those local dealerships named after local families are disappeared by an online corporation called Carvana that can beat them in everyway due to technological advantages... TLDR Carvana is Netflix of Car Dealerships (with AI you'll probably be able to test drive virtually from home in a few years! HAHA) I've seen it happen with local video stores first with BlockBuster, but more importantly in this case Netflix... My bull scenario is that it's already had it's IPO cycle, Reddit will probably do a similar boom bust cycle before I look into buying and has a BE A U TIFUL inverse head and shoulder base to build from. This is a LEAP play. 2028 expiries... Ill be looking for a mix of strikes on OTM CALL LEAPS will also be watching open interest spikes on this stock in LEAPS with same idea. Thank me in 4 years... -Proffesseas
NYSE:CVNALong
by Prophecies_R_Us
13
$CVNA - back to $104 rangeRejected off the fib as it did on the last time it was in this range. Last time it fell hard. Only PR out is "tax credits" which is hilariously non-relevant to the company. They just sell the car that gets a tax credit. How is that even CVNA pr? Chart techs say "bullish" butttttt macd reversal, stochastic reversal, and rejection on the convergence channel show this thing go back ot 104 in the next 2 months before the next leg up. not trade advice
NYSE:CVNAShort
by mike-ai-automation
4
THE EASIEST WAY TO SELL YOUR CAR AND MAKE MONEYAnalyzing CVNA’s chart shows us a fresh RSI low in late 2022, with a price action low as well. From that low, we have a clear 5 wave structure forming off the low that puts the current price action in the beginning stages of wave four, which has a target in the $100 zone. With wave three hitting the 200% extension, we can treat wave three as extended, which puts the final wave 5 target at the 238% extension, just over $150. Divergences in the RSI between wave 3 and 5 of 3 confirm the count.
NYSE:CVNALong
by BlueLineTradingLLC