$CVNA & $SQ Long Into Earnings & Why
$CVNA & $SQ Long Into Earnings & Why
From Live Trading Room (02.23.24)
In this short clip from Live Trading Room (02.23.24), I discuss my speculative plays on Square and Carvana around their earnings reports, highlighting my successful prediction for Square to reach around $80 and Carvana's potential to hit my first price target. I emphasize the importance of certain key levels for these stocks and provide insights into the trading strategies and market dynamics influencing their movements.
📺 In this episode:
00:00 Introduction
01:25 Square and Carvana Price Targets
02:20 Analysis of Carvana's Market Position
03:13 Importance of the $61 Level for Carvana
04:16 Square and AMD Stock Performance
05:26 Carvana's Inverse Head and Shoulder Pattern and Performance
06:27 Square'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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