CVNA Crossover Swing

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CVNA

Daily crossover triggered

Planning to buy at market open on 9/17 so long as we are above 148.85 (HOD on 9/3). Ideally, we stay above 152.33 (HOD on 8/30, last trading day of August)

What I'm buying:
With the way that CVNA tends to move, I'm opting for a vertical debit spread here.

Sep27 +155c/-165c for a debit of roughly 3.30, and a max gain of roughly 6.70 at expiration, which is also the max date of this trade.


Using an ATR of 7.77, targets are as follows:

SL: 141.62
TP: 177.35
Max Date: Market Open of Friday, 9/27

^^As always, whichever of these hits first

Additional levels:
159.85 - Recent Strong high
179.24 - This level is above our TP, but note this level when looking back on the weekly chart

syot kilat
Dagangan aktif
Gapped up in PM, but I waited for it to come back down to a YHOD test and entered
Dagangan aktif
Took a trim here at the strong high test
Dagangan ditutup: sasaran tercapai
Sold at open given the gap ups today
crossoverTechnical IndicatorsTrend Analysis

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