The CVNA (Carvana Co.) short swing & trend trade has just hit the top of T1 zone* + 200-day MA’s & 190ish price support on the daily chart hit with positive divergences forming. With the S&P 500 now splitting the uprights between the 200-day SMA & EMA & the Nasdaq 100 still in close proximity, thereby keeping the odds for another bounce decent for now, this appears to be an objective level for active traders to cover short & reverse long for a bounce trade. 60-minute chart below.
CVNA 60m March 6th
* (T1 zone on the previously posted & covered in videos, 60 & 120m chart… the long-term swing targets remain as previously posted on the weekly chart)