Carvana: Test, or Breakdown

Several equites appear to be at transition points.

Boeing was covered yesterday. Similar to Boeing, is Three M.

Both appear ready to post higher into resistance at the next session (not advice, not a recommendation)

Another potential transition is Carvana, CVNA.

The last (short) trade, CVNA-25-09, was closed on 8/7/25, with a +6.53%, profit.

At this point, shown below, we’re either going to attempt an upside test or … just go ahead and break to the downside.

The least likely probability is for extended sideways action.

Carvana CVNA, Daily

Stay Tuned

Charts by StockCharts

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