Carvana Co. ($CVNA) has experienced a significant surge in its stock price, reaching new highs. The stock is currently trading much higher than its previous levels, with a notable increase observed after 2 PM. Traders have noted the stock's strong performance, with some achieving a 50% profit on call spreads. The stock is approaching key resistance levels at $111 and has the potential to move towards $116-118, $121, $125, and $129, which is its 52-week high. It is also moving into the monthly value area, with the potential to reach the 116 POC level.
$CVNA rips higher here, very strong candle today.. played some call spreads from the other day.. what a crazy stock.. think I bought those under $3 and selling at 50% profit for now.. just so many setups lately https://t.co/lqffWYfhWT
Interesting that $CVNA is much higher than where it traded before 2pm
$CVNA weekly https://t.co/D8x270E1hU https://t.co/6y8N6OMizZ
$CVNA really flying now into monthly value area, can see 116 POC level with potential bigger rotation back to 125
$CVNA go time
$CVNA time $111 must close above on daily for move to $116-118, $121, $125, $129 (52 weeks high)
$ENVX weekly ⬆️ https://t.co/xfSSfS1gML