Price sits just 0.15% above the 200-SMA, confirming the retest is live rather than resolved. RSI at 58.87 is constructively trending but not yet overbought, leaving room to extend, while MACD at 1.42 over signal 0.39 shows a wide, positive spread consistent with fresh momentum. The 50-SMA at 66.77 provides a rising floor roughly 8% below spot, framing a stacked bullish structure provided 72.37 holds on a closing basis.
Wednesday Playbook — Top 5 Setups
The day's five highest-conviction setups, ranked by technical inflection, profit-probability, and trade quality — 5 long, 0 short. Trade your plan and manage risk first. Also screened: $ALGN, $SPY, $IONQ, $COST, $DPZ, $QQQ.
5 of 5 plays
CVNA is pressing against its 200-day SMA (72.37) from below with price at 72.48, a classic inflection where a reclaim of the long-term trend line meets an already-rising 50-day (66.77). With trade-quality scored 86.5 and profit-probability 83.0, the setup favors a working long bias into the retest.
EntryAccumulation zone 71.50–72.50 on a hold of the 200-SMA (72.37), or breakout add-on above 73.80 to confirm reclaim.
Targets76.80 — first extension off the 200-SMA reclaim → 82.00 — measured continuation as MACD spread carries
StopClosing break below 69.50 invalidates the 200-SMA reclaim thesis and shifts price back into the prior range between the 50- and 200-SMAs.
Educational only. Not financial advice.