Dec. 6 at 3:00 AM
Actionable Trade Alert for
$CAVA:
Market Context:
$CAVA is currently trading at
$54.48, showing a strong upward trend. The RSI at 64.2 indicates bullish momentum but is approaching overbought territory. The price is above the 30-day moving average (MA30) of 51.62, suggesting a positive trend, but below the 50-day moving average (MA50) of 56.15, which may act as resistance.
Directional Bias: The recent high of 67.45 indicates potential for further upside, while the low of 43.41 provides a solid support base. The ATR of 2.64 suggests moderate volatility, allowing for reasonable price movements.
Trade Plan:
- Suggested Entry:
$54.50
- Stop Loss:
$51.50 (approx. 5.5% risk)
- Take Profit Targets:
1.
$58.00 (Target 1)
2.
$62.00 (Target 2)
3.
$64.00 (Target 3, approx. 17.5% ROI)
Monitor the trade closely and adjust stop loss as needed to lock in profits.
For more insights, visit https://privateprofiteers.com.
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