DAVA Reversal Pattern Ideas with Bullish Divergence!

Updated

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

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The right shoulder is complete. Let's see if we can break the neckline and a nice follow through.

If Inverse Head and Shoulder fails, I'll monitor the formation of the Handle.

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Also, RSI broke above 50%. Now I want to see strength break above it's previous high.

Remember, it's not about calling bottoms, but buying when the time is right.

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I took a starter position 52.11. Tight Stop at 51.75.

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Neckline broken this morning!

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Looking for a move into $54 territory

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My targets are $66 and $80, shaping up well. I'm looking to buy more at a 4-5% discount from today's close. Let's get it!

OnePath

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