Trading Carvana And Block Long Into Earnings & Why
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In this short recap of Friday's trading session, I discuss my speculative plays on Carvana and Block around their earnings reports, highlighting my successful prediction for Block to reach around $80 as well as Carvana's potential to hit my first price target. I emphasize the importance of certain key levels for these stocks, and I provide insights into the trading strategies and market dynamics influencing their movements.
00:10:21
Timestamps:
- 00:00 - Introduction
- 01:25 - Block and Carvana Price Targets
- 02:20 - Analysis of Carvana's Market Position
- 03:13 - Importance of the $61 Level for Carvana
- 04:16 - Block and Carvana Stock Performance
- 05:26 - Carvana's Inverse Head and Shoulder Pattern and Performance
- 06:27 - Block's Earnings Report and Stock Reaction
- 07:38 - Carvana's Price Target Achievement and Future Expectations
- 08:40 - Bullish Call Activity in the Market
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