How, is That Possible?

After several miss-steps on a potential reversal, we’re going to forget the fundamentals, and stick with reading the price action.

Carvana’s ‘fundamentals’ are well known; that does not seem to matter, yet.

One narrative to explain today’s break to all-time highs may be supposed ‘tax refunds’.

With earnings coming up in the middle of next month, let’s see what happens next.

Carvana CVNA, Daily

Note: Today’s break higher, then a pullback, puts CVNA in up-thrust position (not advice, not a recommendation).

Stay Tuned

Charts by StockCharts

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