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Benzinga
215 days

Carvana: Bumpy Ride Or Comeback Story? Here's What The Technicals Suggest

1. CVNA stock surged over 8.4% despite past allegations from Hindenburg Research. 2. Carvana's share price increased 428.75% over the past year, despite a recent dip. 3. Technical indicators suggest potential for more gains, despite bearish signals from some metrics. 4. Carvana dismissed recent allegations as misleading, boosting investor confidence.

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FAQ

Why Bullish?

Despite allegations, the stock rise indicates investor optimism and potential recovery.

How important is it?

The rally, against the backdrop of controversy, suggests a significant shift in sentiment.

Why Short Term?

Recent price movement shows immediate positive sentiment, but concerns linger.

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