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
0A79 trade ideas
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.
A competitor - not a Zero to One - bad idea gone terribly wrongPeter Thiel characteized companies as competitors or originators. As a founder of Paypal - a small space that was blank into a large enterprise - he influenced my investment awareness. Carvana is a company that has a different way of trying to sell cars. It is a competitor not in an original space like Facebook as a startup or Google. Carvana isn't working. Investment bankers can sell more stock to institutions as prices rise if - big if - sales are increasing. Now that capital has been raised at high prices there is little or no chance that CVNA can raise more capital in a money losing enterprise. This is how innovative startups in biotech raise money on the come.
The game is over for CVNA. If this was such a great idea why is it losing money every quarter? It is a pumpkin truck business. A man buys a truck and takes pumpkins to market. He gets home and tallys a $1000 loss. when asked about the problem he says he needs more trucks. To wit - will more sales be more losses? Of course it will be more losses. With more cars sold each quarter - rising sales figures in rising markets = more stock sold to the institutions. Not so in declining markets. As the Oracle of Omaha once famouisly said - when the tide goes out we see who is swimming without trunks. Translation - the tide is a declining market. The nakadidity - to quote Radar O'Reilly - is continuing losses with no pivot in sight.
The insiders have seen their values decline as their take out in terms of shares have risen. Watch for risinging insider sale of stock - rats deserting the sinking ship so to speak. This is a competitor in the used car sales business. The local grocery store can deliver your groceries via Dash - another short but don't get me started there either. What to do?
I sell the 30 delta call vertical 45 days to expiiration with a $15 wide strike. I have been able to roll these wide strike call verticals almost weekly.
Innovative but Bad competitor - More sales will not generate a profit.
Pumpkin truck business. Let the declining stock price be your guide. Look at the financials. Cash flow has been from sale of stock and not from earning. Look at the retained earnings losses. More capital will not fix this.
I sell wide strike call verticals the roll them down..
A profitable short.
CVNA - When Its Time To Buy You Won'tTitle is not advice btw just psychology of markets.
CVNA looks fairly deep here with low down 71% and having diverged up from RSI @ 21 - lowest ever reading, even much lower than 2020 lows that only hit 30.
In addition CVNA pierced through the lowest fib of the GRM indicator and a "DIP" buy signal has appeared for only the 2nd time.
If RSI remains above lower band it looks good for a bounce I think. If price falls below then low then perhaps not.
Not advice.
Stage Analysis In and OutStage analysis enter position and exit position for CDNA - 30 wk and 50 wk trendiness
$CVNA - car prices and inflationRising price of new and used cars making significant contribution to recent headline inflation numbers.
Carvana down 60% from all time high posted in August 2021.
Opened $CVNA trade 1/14/22 in anticipation of an oversold bounce. Would have preferred to see it trade-up for most the recent week but didn't want to wait.
Tight stop warranted ... and plan to close this trade long before March 1st earnings release.
Also see $LAD
CARVANA Bearish PatternCVNA formed a bearish Shark pattern.
T1 was already achieved and its back in buy zone.
CVNA If Close above 303 may run to 318NYSE:CVNA
CVNA Looking a good for last 3 Days. If close above $303 may run to $318 next week.
CVNA NYSE:CVNA down trend channel broke off the channel heading to target but watch out Earnings is coming
CVNA - Looking for $328ish Short Term Had a nice 5 waves down and now looking for three waves up here towards 328ish
Carvana bouncing from its 200 EMA. As the earnings is approaching. Carvana looking to bounce from its 200 EMA line.
As it makes the move upward, it might potentially create momentum breaking its 21 day EMA (currently at $298) then its 50 day EMA (currently at $310).
First target within next few daily sessions is $300 to $310.
If it breaks above $315, Looking to test its ALL time high in next few months.
RSI is currently over sold. MACD signaling bullish crossover. (OVERALL LOOKING BULLISH IN FUTURE)
AVERAGE ANALYST PRICE TARGET - $401
Carvana couple scenarios so the price action with carvana appears to be making simple lower highs so if price continues to go down i would look to enter for options around 283 for shorts. however if price decides to break our optimized trendline then i would look to place call options around 290 provided the break is nice and solid
