Technical indicators signal a Double Bottom forming. Verify the setup on the chart.
Reversal pattern after a downtrend.
Traders are watching Carvana (CVNA) as price action tightens. With a last close of $60.46, volatility remains active (0.45%). Algorithmically, a Double Bottom structure has completed. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $72.77, targeting $86.47 with support near $65.92 (R:R 2.0).
What is your outlook on CVNA?