Carvana Co.
Long
Updated

$CVNA Rising Triangle Pattern

157
Opened a position in this today when it broke the triangle. It did pull back in, I may have jumped the gun as this could be a false break-out. It is a nice pattern and did get an upgrade today with a $120 price target. I'm in at $96.02 still in the money. My stop is $90 and first target is a measured move to $112 then hopefully to $120 upgraded target. Ideas, not trading / investing advice.
Trade active
Trade closed: stop reached
I forgot to post on Jan 8, I was stopped out. Back tot he drawing board.

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