Looking bullish on CVNA very soon!

2 thg 2

As you can see here we have CVNA on the 4 hour chart. We have 4 confluences, we have the 200 MA, support, a demand zone and we are trending upwards on the weekly all showing we shall go up. Now, all I am looking for is a strong green heikin ashi candlestick to break this trendline with valid volume. I would be targeting the nearest supply zone around the 49 dollar area. I do not set an actual TP but I do set a 50% SL. But of course only risk what you are willing to lose and swing trading is very risky. I would look to swing trade this stock to the upside! Thank you as always and please feel free to like, share, and comment on this post! Until next time, God bless.