Carvana breakout

14 thg 12, 2023

With hindsight, it wasn't wise to buy CVNA as it gapped up (blue arrow). Luckily, the stock has consolidated without breaking down. Yesterday, following the FOMC decision, it broke above the consolidation range. Expect an upside move on CVNA but there might be a resistance near $56.

20 thg 12, 2023

Ghi chú

The stock moved swiftly to $56 and went past this level. Happy to continue to hold and inch the stop level as it moves up.