What Happens Next?

The last update on Carvana, link here, identified the potential for downside reversal.

That’s what we got 🙂

Now, as we’ll see in the chart below, CVNA is right at the trendline.

Carvana CVNA, Daily

We’re at the trend, but there’s a slight possibility price action will rebound (off the trendline) to the area noted (not advice, not a recommendation).

Let’s add this insight from Greg Hunter and Ed Dowd, concerning the economy, link here.

After watching the interview, judge for yourself whether or not we have recovery higher first, or we head lower, first.

Stay Tuned

Charts by StockCharts

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The Danger Point®, trade mark: No. 6,505,279