CVNA - This is one unbelievable technical setup !!!I just trade this, not an investor. See the symmetry on this setup. Every time when it pulls back to 'Golden Fib Zone', it rallied the full extension 1:1. If this repeats again, we could see 165-170 next on this leg up. Longby just4tradinUpdated 5
CVNA could have a large Mark up with ER. All speculative until we see earnings tonight. This'll be my last CVNA post as my upside targets are still, 180 and possibly 200. This is not financial advice. Orange boxes representing range zones, white showing demand area accompanied by bottom wicks, and the green boxes representing mark ups. Seems like we'll be getting another mark up if the catalyst allows it. Good luck ! NFA Just ideasLongby sully3570
FIb on CVNA shows $180 as next PTIf CVNA breaks out, data, news, analyst ratings, and earnings could all send us to 180. Could - not certainty. I've been swinging for months and I'm ready for these earnings GLTA,NFALongby sully3570
CVNA ER will blow this out of the water. 180 boundThis is my opinion after swinging through the 2nd batch of earnings NFA. I follow VPA and institutional data that says IF ER is good for stock price, it'll go upwards of 180 juice zone. Maybe even $200 but that's a little high. Good luck, daily chart is making higher lows and keeps proving to bounce on major supports. Cheers. NFALongby sully3570
CVNA - Head&Shoulder pattern on the DailyCVNA on the daily timeframe has an Head & Shoulder pattern, which is usually a bear pattern. If this were to play out, then expecting to see it test 100 level. Also, Daily chart has a Gap to be filled on the downside until level 92-91 area. Earnings in this week so expecting some moves. PS: I have no position as on today but willing to lotto some on the put side on the day of the earningShortby adkis0
Seems pretty cut & dry with the H&SThis is gonna tank AH and earnings. I'm sure there will be more drama on the back end, but this needs solid results and ideas on how to improve for the next quarter, considering they have done what they had to in the quarter. That head & Shoulders is solid!Shortby themoneyman800
CVNA , US Stock120.50 below trendline breakdown 118/116/113/105/100/90 can test to fill the gap 21 ema below close yesterdayShortby Equity_Research_Analyst-021
An H&S forming if it retreats 135 and then suddenly fallsAfter a major analyst reiterated 130, this has been volatile. There is still a short squeeze from time to time, but from a chart POV, there is a trendline correction and continuation. We are moving to a bullish stance.Longby themoneyman80110
155 continues its bullish run maybe even higherthe last leg up lasted for 38 points before retracing 16 and now at 25 higher I think there is a squeeze coming before it dips. Longby themoneyman80221
Did you know Carvana is up 15X?! OMG :)Look what we have here. Incredible price action from this stock.. what should you do if you hold it... or if you are feeling #FOMO maybe this idea will help. Inverse Head and shoulders there for all to see.Longby BallaJiUpdated 6
$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 adviceShortby mike-ai-automation440
CVNA breakout possible129 above resistance breakout possible 131/135/137/140 can test Longby Equity_Research_Analyst-02114
CVNA IDEATESTED 129 and failed last week. it dropped and retested 125 and was saved by the bell friday onto a possible reversal to test highs in the upper 130s. Its still not out the clear though. needs to hold this 126 level or it could drop all the way back down to mid teens. Tomorrow will tell. Any sign of strength towards 129 will be a good opportunity to grab calls expiring august in the 132-136 range. Waiting for confirmation tomorrow....by AMilliontheway3
Carvana getting ready for parabolic upswing?CVNA showing a nice wave/stairstep pattern pushing up, and now we have a super nice flag pattern. Would not be surprised to see this wave turn into a very strong and fast move up from here over the next few months.Longby tyler_sim4
$CVNA $155.90 on horizon?NYSE:CVNA Macd almost flat on weekly. It's entering the volume gap here. Also RSI and William% range is giving bullish divergence. First pt is $155.90 and second pt is $220.00. This targets are based on weekly TF.Longby rahul45261
Update from June 10th - Cleaner View | $CVNA SHORTBack on June 10th I published NYSE:CVNA short. Still looking for the short, but wanted to provide a cleaner picture. We are closer to the break and the economic headwinds are getting stronger. Car vending machines, huh?Shortby ChiefMacro111
COUNTERTREND SHORT TRADE IDEAWith the clear structure forecast, there is a pretty clear path for a meaningful wave four pullback. Per pinball theory and option flow, we should be targeting the $100 zone, which is an excellent round number that market will likely gravitate to.Shortby BlueLineTradingLLC0
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.Longby BlueLineTradingLLC0
This looks very 2-sidedThe RSI needs room to run, and the MACD is curving. The BB is squeezing; I've never seen a squeeze like this. I'm pretty sure we see 135 at this point, but it may require some reset. I pointed this out before consolidation after a run or a correction after a more extensive run neither ruling out the possibility of a significant squeeze nor a minor retrieve.by themoneyman800
CVNA, 2024-06-18, ShortContext: Weekly - Resistance Zone @116.71/134.68 Daily - Trend line breaks @ 2 points; Retracement back to "First Red" 1h - CHOCH structure with "Last Bar" as entry/stop range (2x ATR (near term) rounded as stop buffer) --- Main Target - Weekly Support Zone @ 87.58 Breakeven stop @ 97.85 2/3s Out @ 97.85 (Fib ext 0..618) --- Expected R (at full) 3.64Shortby nowkUpdated 111
$CVNACVNA looking to retest 128 area or higher, weekly chart is beautiful, definitely in my watchlist this week.Longby bdijondev2
CVNA continuationCVNA is looking like a solid continuation setup. Strong earnings gap, then pullback to trend seems to be a pattern with this name similar to the other circled areas. by Algo_Edge111
115 MAYBE GOING SIDEWAYSIt seems to be headed towards another resistance hotspot of 115, but it can do much damage for shorts. However, it's too early for a permanent continuation at this point. Expecting a reprieve of 100.by themoneyman801