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Carvana Co.
Short
Updated

$CVNA going down

666
CVNA If we get a break down below $42.50, should push further to $36
Note
May break upward a bit with market momentum to 46 - 46.25 which presents a good placement to begin building a short position with Puts to $40 then $36 with momentum
Note
Push below $39.75 will build more momentum down
Trade closed: target reached
On Aug 17 this hit $36.51

As of today CVNA looking frothy - just posted a new Idea to reshort
DrJZ313
CVNADouble Top or BottomTechnical IndicatorsshortsSupport and Resistance

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
CVNADouble Top or BottomTechnical IndicatorsshortsSupport and Resistance
DrJZ313

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.