GlennTrading

Inverse Head and Shoulders for CVNA

Long
BATS:CVNA   Carvana Co.
RSI is high at 65.90 and beginning to touch the support line. If it breaks through we have plenty of upside. It is bullish trading above the 200 moving average. The MACD has crossed and we have earnings on Feb. 22. If the earnings are good, this could potentially continue to move higher like in the past. the volume is 6 million. Looking the white lines for taking profits. Stop loss at the 20 day EMA.

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