Trading Carvana And Block Long Into Earnings & Why

fan of 100 U.S. dollar banknotes

Image Source: Unsplash

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

More By This Author:

Is Wall Street Destroying The American Dream?
The 2024 Economic Outlook
2024 Outlook: Rate Cuts And The Influencer Apocalypse

Friendly Note: It’s easy to subscribe to my Free Fishing Stories/Blog. You are also invited to  more

How did you like this article? Let us know so we can better customize your reading experience.

Comments