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CVNA Bull Flag

CVNA Bull Flag

by | Aug 24, 2021 | Chart SetUps

Carvana (CVNA) strong trending name and pulled back recently to the 21-EMA and prior breakout where it’s forming a nice base. Shares are consolidating above July value and through Monday’s highs at $360.50 can make a nice continuation move to $369 and then $379.50. MACD has reset a bit and RSI is working out of a pullback move but neither overbought and room for expansion.