CVNA (Carvana Co.) offers an objective short entry here at the primary bear market downtrend line with stops somewhat above it, ideally on a solid daily closing basis. First two price targets shown on the daily chart below with additional targets likely to be added, depending on how CVNA & the broad market trades going forward.
CVNA daily May 5th
The primary trend in CVNA is bullish when above the 200-day MA’s (red line is 200-day EMA & blue is the 200 SMA) and bearish when below. Arrows show the bullish & bearish crosses above the 200-day MAs.
CVNA daily 2 May 5th
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