Hey Folks,
I've been noticing some buzz about this one, as well as solid price forecasts. Here is what I think of the chart and what I plan to do.
It has some nice upside potential if it can remain bullish.
Happy Trading!
OnePath
Eyeing DAVA here after closing last week reclaiming its respective 50-day EMA. DAVA's been holding a massive falling wedge on both the daily and weekly timeframe. This is accompanied with its Bollinger bands squeezing on the weekly timeframe and a Bullish Cypher Harmonic Pattern as it heads into earnings. Additionally, on the daily timeframe DAVA is holding the...
Not the greatest setup, but it does present a double top pattern. There's a chance this get reflected off the EMA 200 or SMA 200 and potentially retest the neckline or wick through the neckline to take out some shorts hiding above who got in on the breaking candle.
Entry - Test of neckline $139-140
Stop - $150
Target - $113 - $114
Risk to Reward - 2:1
$DAVA on watch for the next couple days to see how it reacts to its ATHs supply line.
Not in a rush to buy it. would like to see a bit more days below that line.
Taking a shot at DAVA with an entry at 137.27 and a stop vs 132.79. It was between this or ROP or perhaps some of both but I liked the way this one opened more as well as its volumes look a bit healthier to me . Suggest a limit order and not market for it to get a better fill , noticed slippage was potentially high with a market order .
Was tempting to put stop a...
We have very small volume bear day (day where there are significantly more selling pressure) according to my indicator: Pressure Chart or Pressure Candle.
A close above the most recent bear day is an add. The stock has strength being a tech stock in the UK. If it keeps holding the 9 VWEMA then $DAVA is very bullish.
Endava provides technology services for clients in the consumer products, healthcare, logistics, and retail verticals in Europe, Latin America, and North America.
It has had a nice steady run a bit over 300% since its last dip, and up over 140% for the last year.
Never know when the trend will end, but it's had a pretty good run so far.
Contextual immersion trading strategy idea.
Endava plc provides technology services for clients in the consumer products, healthcare, logistics, and retail verticals in Europe, Latin America, and North America.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I...
