CVNA Broadening Wedge

This was a stock that I missed out on in 2021/2022, it was a very obvious short and I didn't take it. Fell from $375 all the way down to $5. Now it is giving us all another chance, many reasons to be short on this stock, but the latest Hindenburg report makes it even better.

Watching for it to break below its channel, ideally it would come back for a retest for the perfect entry. This is one I'd be comfortable buying LEAPS or at least 3-6 months of time on and forget it. Gotta be careful shorting in a market like this for now, but will definitely take it if it breaks. Not until then, it would still have a long way to fall.

This has got to be one of the most overvalued stocks in the market with the likes of PLTR and MSTR. These are the names I'll be looking to build larger and longer term short positions on while I still can before the market collapses. Ultimate long term target for this would be from around $60 - $40. Really good opportunity here IMO.