Carvana As Well?

If CarMax continues higher from here, it has a measured move target as shown (not advice, not a recommendation).

That implies Carvana may come along as well.

With that said, even though CVNA closed lower for the day, the session opened higher than yesterday’s close.

‘The higher open was not expected which now, ever so slightly, points bias to the upside.

CVNA was ‘short-traded’ throughout the day and CVNA-26-04, was closed-out with a slight profit.

Caveat Emptor

The breakout in KMX is not all that convincing.

If it falls back into the range, it’s likely an up-thrust (reversal).

Stay Tuned

Charts by StockCharts, TC2000

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