CVNA Ideas

CVNA
Just my thoughts. I've both made and lost money on this one over the past 24 months.
Seems to me, once CVNA establishes a channel, it really likes it, so figuring that out is the key.
This chart is way more helpful 12-24 months ago. If only I had a time machine. LOL

Basically, here we see how CVNA has built up during 2018, 2019 and now into 2020.
My guess is, this will once again peak out above the ranges, only to fall back to the top of the long term trend chart.
Probable catalyst is Aug earnings.

Price target of 125-130 between now and early Aug. Or just as easily 1-250. LOL