VRM trade ideas
$VRM breaking it's down trend.$VRM breaking it's downtrend. It went all-time low and then bounced back from there with high volume, it clearly shows some buying interest at this level. Going Long here.
$VRM VROOM VROOM BULLISH REVERSAL restart those engines!#CAR #CVNA Possible breakout triangle with bullish divergences forming, 4hrs momentum squeeze release that can lead to multi weeks bull run. See chart. Used car online retailers sales have greatly increased during the 2020. This may run up until earnings scheduled for 12th November. They also rolled their international platform for other countries.
PT1:53.7$
PT2:56.7$
PT3:61.0$
Stop loss if it breaks downwards triangle.
VRM go BOOMCovid lockdown play / online used auto dealer
Beatdown / correction
Earnings report 11/11; look for confirmation on earnings surprise
Channel support bounce
Dec. call options
VRM: Harmonic PatternHarmonic Pattern
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May have found a base and turn upAfter reaching an ATH just above 75, the price has since fallen back and consolidated after failing to reclaim the upward trend line. Long entry above 51.49 is a confluence above the.236 fib as well as the VPOC, more conservative entry is at reclaim of the trend line. This may also have a possible earnings run-up approaching late November.
VRM Idea - Trade Going into EarningsThis is not a recommendation and is practice for me. Looks like a downward wedge has formed in the past month. Price is trading within the wedge formation. I anticipate a breakout of this trend by next week and see a price target of $54-$56. Uptrend going into earnings should start at least 1 month out from 11/12. Like this and comment if you agree or see anything different.
VRM: Descending ChannelDescending Channel
TP 1 = 54.25
TP 2 = 59.39
TP 3 = 72.51 - 75.35 extended target
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Oversold, possible reversal and reentry of broadening formationVroom fell back on market weakness but is very oversold on the SlowStoch. Fib levels provided which have acted as support throughout its short trading history. While the fib marker in purple may provide strong entry, seeing this re-enter and base in the broadening formation would confirm h higher highs (or at least higher lows) are in store.
VRM revving up for gainsRetraced to bottom of channel at .786 of recent advance. Now appears to have bounced and ready for upward action.
Bottom FishingStock is not old enough to have a lot of data.
Earnings beat but weak guidance
I will wait as often an IPO like this can go back to original price, or lower. Market does not seem to cut IPOs much slack
Not a recommendation
Bullish TA case for VRMVRM broke through S/R levels at ~$59.00, moving averages are showing bullish momentum, stock remains above moving averages.
Target 65-70?It can happen as long as it stays above 55. Hourly closes below 54.25 is your stop loss
$VRM Possible C&H Developing$VRM Possible C&H Developing
Monitor for a strong move through $51.75 resistance
Near term target: $57.50-$60.00 range
Note: Not investment advice.
