Watch The Volume

The last update said:

“A New (closing) High?”

That’s what happened with CVNA, closing out that session (5/8/25), at 285.53.

If there are no new daily highs from here, CVNA is either posting a (potential) double top or an up-thrust (not advice, not a recommendation).

Either way, the technical item to watch, is the volume and the prior session’s high, 284.23 (as a stop level).

If volume contracts from the previous session, it’s possible the highs have been tested and we’re heading lower (not advice, not a recommendation).

At 2:30 p.m., EST, it’s still a long way to the close; we won’t know until then.

Stay Tuned

Charts by StockCharts

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