Tag Archives: carvana

Carvana … New, All-Time-Highs ?

January 30, 2025 By in CVNA, Hindenburg Tags: , , , ,

The ‘Measured Move’

According to this link, the wheels have already come off.

However, as we’ve seen time and again, ‘financials’ have nothing to do with prices (not advice, not a recommendation).

It’s all about manipulation and what the manipulators are trying to achieve.

At this point, Carvana refuses to go lower. That’s a fact.

So, if it’s not going lower, just what is happening?

A better way to ask the question:

‘What’s it going to take to trap unsuspecting ‘investors’ and extract the largest amount of funds from them in the shortest possible time?

How about new all-time highs on an earnings release (not advice, not a recommendation).

Carvana CVNA, Weekly

The all-time-high for Carvana, is 376.83, posted during the week of August 13, 2021 (source TC2000).

Next earnings is on February 19, link here.

Let’s see what happens next

Stay Tuned

Charts by StockCharts

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

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

Tesla: The (short) Set-Up

January 5, 2025 By in CVNA, KMX, Positions, TSLA, TSLS, TSLS-25-01 Tags: , , , ,

‘Shorting-Out’, at The Top?

It’s likely we’ll know on Monday, whether or not last Friday’s action was a test (and completion) of the up-thrust reversal shown in the chart.

That reversal and potential test, coincides with ‘good news’, ‘bad news’, link here.

Tesla TSLA, Daily Close

Five years of price action.

Moving in closer to nine months of action.

The ‘resistance’ level goes all the way back to November 4th, 2021, with an all-time high close of 409.97.

Note: Friday’s close of 410.44, was only +0.11%, above the prior (closing) all-time high.

Another Carvana?

Similar to Carvana and its relation to CarMax, i.e., bloated market cap, Tesla has the largest market cap of all (major) auto manufacturers, link here.

Going back to this post on Carvana, volatility reaches a minimum; CVNA, is down a stiff -27.4%, since then.

Are we about to see similar action for Tesla?

Stay Tuned

Charts by StockCharts

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

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

Carvana … Squeeze The Squeeze

November 23, 2024 By in CVNA, KMX Tags: , , , ,

… And Then, There’s CarMax

How long before the wheels come off?

As of Friday’s close, Carvana boasts a P/E, of 30,876.

Meanwhile, Carvana’s nearest competitor CarMax, has a P/E of 31.79, which in itself, is a bit sporty.

Caravana’s sales are less than half that of CarMax, yet its market cap is over three-times larger (source, www.tc2000.com)

Carvana’s ‘vending machine’ disruptive technology looks like it’s ‘worth’ an extra 97,000%, added to its P/E valuation (obviously, not advice, not a recommendation).

At the end of October, was this post, indicating Carvana may be in its final squeeze.

Since then, Carvana has inched itself higher.

Carvana CVNA, Daily Close

The two charts show that demand as measured by volume (spikes) has diminished significantly.

Moving in closer, we’ll look at a potential up-thrust set-up.

If we have just seen (or are in) the final thrust higher, the expectation is for price action to reverse down, then test the underside of resistance (not advice, not a recommendation).

Carvana’s earnings release is not until February next year, but CarMax, that’s a different story.

CarMax is set to post earnings on December 19th (or 20th), this year, during market hours.

Stay Tuned

Charts by StockCharts

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

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