Jun 15, 2022 (Stock Traders Daily via COMTEX) -- Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This report optimizes trading in Carvana Co (NYS:CVNA) with integrated risk controls.
The trading plans were valid at the time this was published, but the support and resistance levels for CVNA change as time passes, and this should be updated in real time. Access those real time updates for this and 1000 other stocks here. Unlimited Real Time Reports
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Use the basic rules of Technical Analysis. Here are some examples: if CVNA is testing support the signal is to buy and target resistance. On the other hand, if resistance is tested, that is a sign to short, and target support. No matter which side the trade is, long or short, the trigger point is both a place to enter and as a risk control.
This data can be used to define Day Trading, Swing Trading, and Long Term Investing plans for CVNA too. All of these are offered here: Access our Real Time Trading Plans
Buy CVNA over 13.31 target 67.42 stop loss @ 13.27
Short CVNA under 67.42, target 13.31, stop loss @ 67.61
Buy CVNA over 23.28, target 67.42, Stop Loss @ 23.21
Short CVNA near 23.28, target 18.06, Stop Loss @ 23.35.
Buy CVNA over 23.28, target 67.42, Stop Loss @ 23.23
Short CVNA near 23.28, target 20.70, Stop Loss @ 23.33.
CVNA Technical Summary | Raw Data for the Trading Plans
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