While many stocks struggle to find direction in this market, Carvana (NYSE: CVNA) is showing impressive technical strength that demands attention.

The online used car retailer has been one of the market’s biggest success stories this year, with shares up over 370% year-to-date. But the technical setup suggests this rally may not be finished.

Let’s break down what’s catching my eye:

Technical Framework

Pushing Against Highs

Looking at the price action, CVNA has shown incredible strength by pushing up near its 52-week highs around $268.

But what’s most impressive isn’t just where the price is – it’s the technical structure behind this move that suggests there could be more upside ahead.

Stacked EMAs Signal Strength

What’s particularly exciting is how the Exponential Moving Averages (EMAs) are setting up across different timeframes.

When we look at both the daily and weekly charts, we’re seeing what traders call “stacked EMAs” – where each moving average is perfectly aligned above the next, all pointing upward.

Think of it like a series of steps, each one supporting the next. This kind of formation often signals strong, sustained upward momentum.

Fresh Squeeze Building Energy

The real kicker came Wednesday when CVNA triggered a fresh squeeze signal on the daily chart. For those new to trading, a squeeze is like a coiled spring – it represents a period where the stock is consolidating, building up energy for its next move.

When these squeezes occur near high points, as we’re seeing now, it often suggests smart money is quietly accumulating shares rather than distributing them. This could set the stage for another powerful move higher.

Added Pressure

The significant short interest of 11.3% could act as fuel for further upside, especially given the stock’s stellar performance this year.

Short sellers may be forced to cover if CVNA continues showing strength.

Business Backdrop

While I primarily trade technical setups, it’s worth noting CVNA’s recent earnings beat and operational improvements.

The company has executed an impressive turnaround, though this isn’t the primary driver of my interest.

Your Action Plan:

With the technical stars aligning – stacked EMAs, a fresh squeeze signal, and price action near highs – CVNA looks ripe for another significant move higher.

I’m particularly interested in the options chain here, as calls could provide leveraged exposure to what I believe could be an explosive move.

I’ll be watching for an entry in the coming days, likely focusing on calls to maximize potential gains while keeping risk defined.

Remember, timing is everything with these setups, and CVNA is giving us all the right signals.

🔥 Special Alert: The December Sector Strike Event 🔥

Speaking of explosive setups like CVNA, I’m about to reveal something big.

On December 4th @ 2 PM ET, I’m hosting a special LIVE Mission Briefing where I’ll break down my complete Sector Strike strategy.

You’ll discover:

• The exact scanner settings I use to spot these squeeze setups
• How we’ve captured gains of 260%, 435%, and even 723% using sector rotation
• Which sectors are primed for December breakouts
• My complete AI-powered scanning methodology

Plus, I’ll share my full December watchlist and reveal which sectors you need to exit immediately.

Don’t miss what could be the most profitable trading session of your year.

Click Here to RSVP Spot