Carvana Co.Alış
$CVNA Quick Double - Best Case Scenario
Carvana stock is more hammered than a freshman in college trying to rush a fraternity.
Is there more downside potential in the short-medium term? Absolutely. But, there's currently a hollow green candle on the monthly chart and the daily chart is showing some signs of possible reversal (yes, I'm writing this after a 12% down day).
Trade plan - buying shares and looking for 25-50% upside in the next several weeks prior to an earnings report that could do further damage to the stock price unless there's a positive suprise or some sort of good news (not sure what that could honestly be).
30+% of short interest is another factor why we could see a quick uptick prior to earnings in the case that shorts cover prior to earnings.
Bought: $22
Target range to sell: $30-35
Good luck people!
- C
As always, this is not advice just tracking my personal trade.
Is there more downside potential in the short-medium term? Absolutely. But, there's currently a hollow green candle on the monthly chart and the daily chart is showing some signs of possible reversal (yes, I'm writing this after a 12% down day).
Trade plan - buying shares and looking for 25-50% upside in the next several weeks prior to an earnings report that could do further damage to the stock price unless there's a positive suprise or some sort of good news (not sure what that could honestly be).
30+% of short interest is another factor why we could see a quick uptick prior to earnings in the case that shorts cover prior to earnings.
Bought: $22
Target range to sell: $30-35
Good luck people!
- C
As always, this is not advice just tracking my personal trade.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.