Dec. 25 at 3:01 PM
Actionable Trade Alert for
$CAVA:
Market Context:
$CAVA is currently trading at
$61.72, showing strong momentum as indicated by an RSI of 74.63, suggesting overbought conditions. The stock is above its 30-day MA of 51.6 and 50-day MA of 53.99, indicating bullish sentiment. The 60-day high of 66.85 provides a potential resistance level.
Directional Bias: The upward trend is supported by the stock's position relative to its moving averages and the recent high-low range. However, the elevated RSI indicates caution due to potential pullbacks.
Trade Plan:
- Suggested Entry:
$61.72
- Stop Loss:
$58.00 (approximately 6% below entry)
- Take Profit Targets:
1.
$64.00 (5% gain)
2.
$66.00 (7.4% gain)
3.
$72.00 (16.7% gain)
The third target provides a potential ROI of over 17%. Monitor price action closely, especially if RSI begins to decline.
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