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.
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.