Macro Analysis for Carvana (CVNA)
Projection:
Based on a comprehensive analysis of pattern and cycle analysis, I anticipate a significant retracement in Carvana's stock price over the next 6 months. This retracement is projected to amount to approximately -50% from its current valuation.
Technical Analysis:
Technical indicators corroborate the assessment of overbought conditions and the emergence of a liquidity zone. Additionally, Indicators such as Spots [TWE], Changes [TWE] and Levels [TWE] align with the projected retracement targets.
Pattern Analysis:
Historical pattern analysis reveals similarities between Carvana's current price movement and previous instances where other securities in the form of fractals or 1-1 matching reached similar levels. The recurrence of such patterns lends credibility to the projection of a retracement.
Targets:
First Target ($75 Range) (0-3 months): The initial target for Carvana's retracement lies within the $75 range.
Second Target ($50 Range) (3-6 months): A secondary target is identified within the $50 range, signifying a deeper retracement and potential consolidation phase.
Projection:
Based on a comprehensive analysis of pattern and cycle analysis, I anticipate a significant retracement in Carvana's stock price over the next 6 months. This retracement is projected to amount to approximately -50% from its current valuation.
Technical Analysis:
Technical indicators corroborate the assessment of overbought conditions and the emergence of a liquidity zone. Additionally, Indicators such as Spots [TWE], Changes [TWE] and Levels [TWE] align with the projected retracement targets.
Pattern Analysis:
Historical pattern analysis reveals similarities between Carvana's current price movement and previous instances where other securities in the form of fractals or 1-1 matching reached similar levels. The recurrence of such patterns lends credibility to the projection of a retracement.
Targets:
First Target ($75 Range) (0-3 months): The initial target for Carvana's retracement lies within the $75 range.
Second Target ($50 Range) (3-6 months): A secondary target is identified within the $50 range, signifying a deeper retracement and potential consolidation phase.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.