Dec. 25 at 1:46 PM
Actionable Trade Alert for
$CVNA:
Market Context:
$CVNA is currently trading at
$441.57, showing bullish momentum as it approaches the 60D High of
$485.33. The RSI at 62.24 indicates strong buying interest but is nearing overbought territory. The MA30 at
$393.38 and MA50 at
$368.54 suggest a solid upward trend, supporting a bullish bias.
Directional Bias: The price is above both the MA30 and MA50, indicating a strong bullish trend. Given the recent price action and the proximity to the 60D High, we expect upward movement.
Trade Plan:
- Suggested Entry:
$445.00 (slightly above the last close)
- Stop Loss:
$421.00 (around 5.5% below entry)
- Take Profit Targets:
1.
$465.00 (4.5% gain)
2.
$485.00 (9% gain)
3.
$517.00 (16% gain, achieving over 17% ROI)
Monitor the trade closely, especially as it approaches the 60D High. Adjust stop loss to lock in profits as targets are hit.
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