Used Car Market is Stronger than This Chart - CVNA going up
Reasons to buy stock, open bullish spread, or long swing calls: > RSI and stochastic both beginning to turn up with short term line crossing over longer term line. > Yellow line shows first target to 64, which is more than double current stock price. > Price is far from 20sma and due for mean reversion. > Over the next few months, if warranted, price could go 3x or 4x higher into the upper yellow bands, 80-100 and 125-145. > Company's Chief Product Officer made a huge purchase in June. > Used car sales have been relatively strong due to demand from car rental companies. > Risk is low if you buy under $30 (ideally under $28), with unusually high reward.
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