Carvana Co.Long
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.
> 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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