$CarMax(KMX)$ $AutoNation(AN)$ $Carvana Co.(CVNA)$ ๐๐ $KMX Retesting Key $42.50 Support ๐๐จ
I see $KMX under heavy pressure after fresh downgrades, with Evercore cutting to $52 from $80 and Oppenheimer moving to Perform. Price action is now compressing against the critical $42.50 monthly support thatโs held since 2014. $45 also aligns with the 50% retrace of the Dec โ24 peak at $90. Heavy October $40 puts confirm institutions are betting on further downside. A hold at $42.50 could stage a technical bounce, but a crack below would open acceleration risk into the low $40s. This is the line in the sand for CarMax.
๐โDo you think $42.50 holds or breaks this time?
Happy trading ahead, Cheers, BC ๐๐๐๐๐
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- Cool Cat Winstonยท2025-09-27TOP๐ I think that $42.50 zone really is the make or break. If it cracks, momentum could snowball fast like we saw with $WBD earlier this year. The long term chart doesnโt give much safety net under there, so institutions leaning heavy on those $40 puts makes sense.4Report
- Kiwi Tigressยท2025-09-27TOPThat $42.50 floor is screaming line in the sand vibes. If it cracks I wouldnโt be shocked to see momentum take it right into the low 40s fast. Levels like that donโt come around often so Iโm watching it way closer than usual right now.4Report
- ็ฒพ็ตไน็ผยท2025-09-27TOPๅคง้็ญน็ ๅทฒ็ป็ญๅบ ็ญๆไธไผ็ ด3Report
- Tui Judeยท2025-09-28TOP๐ The $45 level aligning with half the December 24 peak stood out to me too. Itโs interesting how technical retraces often line up with psychological barriers. Reminds me of $F when it retraced half its 2021 peak before finding some footing.2Report
- Queengirlypopsยท2025-09-28TOPMan $KMX at $45 feels wild after where it was trading. The downgrade pressure plus heavy $40 put flow makes the risk clear. If buyers defend the $42.50 spot I think it could bounce but if not itโs lights out for a while1Report