CVNA PT: $340Clean bounce of the support as you see on the chart, I see this running back up to support within 1-2 months to $340.
Consider trimming some position around support.
CVNA trade ideas
Watchlist: Will the ER hold ?I like the channel. It's simple and beautiful set up if it wasn't so RED these days!
Short squeeze mini series # 20What Is a Short Squeeze?
A short squeeze occurs when a stock or other
asset jumps sharply higher, forcing traders who
had bet that its price would fall, to buy it in
order to forestall even greater losses. Their
scramble to buy only adds to the upward
pressure on the stock's price
KEY TAKEAWAYS
*A short squeeze accelerates a stock's price rise
as short-sellers bail out to cut their losses.
*Contrarian investors try to anticipate a short
squeeze and buy stocks that demonstrate a
strong short interest.
*Both short-sellers and contrarians are making
risky moves. A wise investor has additional
reasons for shorting or buying that stock.
Long CVNA short NIOThis is my first idea.
NIO is overprice and the whole tech sector (and especially the EV sector) is in a bubble, so I would like to short NIO.
On the other hand, what if this bubble will last many more months?
So let's long CVNA (that should be able to sell used Tesla or any other EV car as well and will do well even if the whole market shifts to only EVs).
From the TA point of view, we are in accumulation after braking the trend.
Tell me what do you think.
This idea is for entertament purposes only. Do your owen research.
CVNA I spotted this stock, and It has nice looking entry point. I would take long position here and see how this gonna play out.
CarvanaTechnical indicators such as MacD and RSI shows a renewed potentiel to break the trend patterns - and continue up-wards
$CVNAEntry price : 260.98
Fundamentals :
- Sector: Retail - Autos
- EPS % Chg (Last Qtr): 83%
- EPS % Chg (Previous Qtr): -41%%
- 3 Year EPS Growth Rate: 0%
- EPS Est % Chg (Current Yr): 0%
- Sales % Chg (Last Qtr): 41%
- Sales % Chg (Previous Qtr): 13%
- 3-Year Sales Growth Rate: 96%
- Annual Pre -Tax Margin: -9.3%
CVNA wish me luck!!! New position at the play high zone...I got the position today at the play high zone.
Hope to keep flying high.
I like the concept of buying and selling cars.
Any thoughts?
CVNA, Aroon Indicator entered an Uptrend on December 15, 2020.Over the last three days, Tickeron's A.I.dvisor has detected that CVNA's AroonUp green line (see chart) is above 70, while the AroonDown red line is below 30. When the green line goes above 70 while the red line stays below 30, this is an indicator that the stock could be poised for a strong Uptrend. For traders, this could mean going long the stock or exploring call options in the next month. Tickeron's A.I.dvisor backtested this indicator and found 242 similar cases, 210 of which were successful. Based on this data, the odds of success are 87%. Current price $253.32 is above $227.36 the highest resistance line found by Tickeron A.I. Throughout the month of 11/12/20 - 12/15/20, the price experienced a +19% Uptrend, while the week of 12/08/20 - 12/15/20 shows a -2% Downtrend.
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on November 11, 2020. You may want to consider a long position or call options on CVNA as a result. Tickeron A.I. detected that in 45 of 51 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 88%.
The Moving Average Convergence Divergence (MACD) for CVNA just turned positive on November 11, 2020. Looking at past instances where CVNA's MACD turned positive, the stock continued to rise, Tickeron A.I. shows that in 26 of 29 cases over the following month. The odds of a continued upward trend are 90%.
CVNA moved above its 50-day Moving Average on November 11, 2020 date and that indicates a change from a downward trend to an upward trend.
The 10-day Moving Average for CVNA crossed bullishly above the 50-day moving average on November 16, 2020. This indicates that the trend has shifted higher and could be considered a buy signal. Tickeron A.I. detected that in 9 of 11 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 82%.
Following a +7.51% 3-day Advance, the price is estimated to grow further. Considering data from situations where CVNA advanced for three days, in 224 of 249 cases, the price rose further within the following month. The odds of a continued upward trend are 90%.
The Aroon Indicator entered an Uptrend today. Tickeron A.I. detected that in 210 of 242 cases where CVNA Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 87%.
CVNA, Aroon Indicator entered an Uptrend on December 08, 2020.Over the last three days, A.I.dvisor has detected that CVNA's AroonUp green line (see chart) is above 70, while the AroonDown red line is below 30. When the green line goes above 70 while the red line stays below 30, this is an indicator that the stock could be poised for a strong Uptrend. For traders, this could mean going long the stock or exploring call options in the next month. A.I.dvisor backtested this indicator and found 242 similar cases, 210 of which were successful. Based on this data, the odds of success are 87%. Current price $260.38 is above $227.36 the highest resistance line found by A.I. Throughout the month of 11/05/20 - 12/08/20, the price experienced a +28% Uptrend. During the week of 12/01/20 - 12/08/20, the stock enjoyed a +4% Uptrend growth.
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on November 11, 2020. You may want to consider a long position or call options on CVNA as a result. In 44 of 51 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 86%.
The Moving Average Convergence Divergence (MACD) for CVNA just turned positive on November 11, 2020. Looking at past instances where CVNA's MACD turned positive, the stock continued to rise in 26 of 29 cases over the following month. The odds of a continued upward trend are 90%.
CVNA moved above its 50-day Moving Average on November 11, 2020 date and that indicates a change from a downward trend to an upward trend.
Following a +7.51% 3-day Advance, the price is estimated to grow further. Considering data from situations where CVNA advanced for three days, in 224 of 249 cases, the price rose further within the following month. The odds of a continued upward trend are 90%.
CVNA may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In 210 of 242 cases where CVNA Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 87%.
CVNA on watchIf you missed the re-entry on CVNA its setting up again for an ATH breakout. Prefer to see a little consolidations in the box then
a break above the box. The box is my risk and the dotted lines are fib extension targets. I use the dotted lines instead of fibs to
keep my charts clean. Clean charts = clear mind and better trading.
CVNA on watchChart looks a little messy but price has broken the downward trend line and sits just
below the 618 of the downward move. If price can break and hold the top of the box
a move back to the high is possible.
CVNA BullishCVNA is rated a "strong buy" from tradingview. It has shown strong financial growth for three consecutive quarters, it has just completed a gap fill and the bearish move was rejected. In a bullish market setting I would look for CVNA to potentially make new highs or short squeeze further.
CVNA Wave 3 potentialVery precise technical indicators, almost hit exactly the .618 level after a short run, I'm going in in hopes that this one plays out how I see.
$CVNA Bounce Trade in CarvanaOn watch today for a possible long as support held
Short term target to the 50ma
It's Time To Have An Opinion On Auto EcommerceAfternoon gang!
This is a real simple idea here that I think over time will be a low n' slow winner. As autobuying, like all other industries, becomes increasingly susceptible to the forces of digitization and ecommerce, we are looking at the potential for one or two companies to own the entire space within the United States. The top two companies right now are VRM and CVNA, and I think it's become clear over the last month or so that CVNA is clearly the superior player in the space. Increased selection, more than triple the gross margins, a stronger balance sheet, and a huge lead in brand awareness make this the name to own.
Instead of owning the company outright with directional risk, short VRM to reduce your beta exposure and take advantage of the likely winner-take-all scenario playing out.
Cheers!
