PRVASeems like PRVA is getting ready for a bullish momentum. its in my watch list to invest in when I think is ready to go
PRVA trade ideas
Watchlist 2023-05-08 $SPY $PRVA $CVNA $SIX $AAL $FUBO $LYFT $GOLAMEX:SPY - gaining a few points in the PM after a big rally to close off the week. Our key internals were screaming TREND DAY with the VOLD rating at +8, ADD pinned at +2000 and TICK cumulating in the positive territory, holding some of you saw that and were able to hold all day.
Key levels today at 413.80, gotta get past this and hold to continue the trend. However, with no major catalysts today I would be surprised to see the first move down to clear out some longs. Support is 410. 30. No major bias today.
For further confirmation of a trend day, watch for:
USI:ADD pinned near +\-2000
USI:VOLD ratio over +/- 3
USI:TICK cumulating past 0 wicking to +/-900
NASDAQ:PRVA - surprised everyone with and earning beat of 160%. Flushed out all the buyers before jan 17 and then close near the range high the next day at 29. If we see some vol early on Buy over 29 as all shorts and stuck and the scared sellers are gone.
NYSE:CVNA - Day 2 continuation short. Watching the tape a price action on Friday, CVNA had no buyers, any time it rallied it was a short squeeze that faded off quickly. Now, Trading below the Friday high vol node and key level of 9.00. I'm waiting for a rip and a fail to get more confirmation on the short, as this could easily squeeze on the open
NYSE:SIX - six flags rose 10% in the PM after the average spending per visitor rose 7%, they still had a net loss of 70M this quarter but that is typical for winter months. Trading 2.2 RVOL and move 2.5 ATRS so far. It's gapping close to the 200 EMA and then the $27 pivot high so unless there is a flush on the open and a base forms there is likely not a long trade for me here. If you like resistance trades, there could set up around 27.
NASDAQ:AAL - JPMorgan Chase Upgrades American Airlines Group to Overweight From Neutral, Boosts Price Target to $29 From $26. If Vol picks up, there
NYSE:FUBO - had a massive day on Friday, not only is it holding the gap but holding the highs in the afternoon into today's session. If it can get above and stay above 1.64, PD high and the key pivot, long until exit rules apply or ~2.00 is reached
Other Watches
TVC:GOLD over 20.40
$PRVA Head and Shoulders Pattern?$PRVA Head and Shoulders Pattern?
Privia Health looks to me to be both a Head and Shoulders Pattern and “had’ a Double Top pattern. This chart is looking like it wants lower prices. It is about ready to break below the neckline. It has also been living below the shorter term 8 EMA (teal) the 20 EMA (green) and the now down sloping 50 DMA (red). It also has a declining RS line but is still above an upsloping 200 DMA (black). This is a short candidate for me. If I take this trade, I will be mindful of the 200 DMA as a possible support zone. All TBD. Ideas, not trading / investing advice.
PRVA - Chart Idea PRVA - Long over break out of tight flag on daily timeframe after 100% run from the bottom
lovely breakout 🚀broke previous 52w high and trend resistance areas in one go, very nice breakout here! also look at that buying volume, no signs of weakness for months there.
next targets are 34.3-39.8
US Stock In Play: $PRVA$PRVA - Healthcare | Health Information Services
healthcare sector is the top performing sector on basis of 1 month relative strength. $PRVA currently trading above all KMAs, along with key VWAPs (IPO & ATH). have also cleared a key pivotal level at $33 this week.
$PRVA IPO Base BreakoutLooks like Privia Health Group $PRVA broke out of an IPO base back on June 21, 2022. That base break is still valid in my book. It attempted to break the more traditional breakout / pivot point today but pulled back. Today was a strong volume day with the most buying volume since it’s IPO date. I tried to get into this early today with a limit order that just didn’t execute, and I was not going to chase. I’ll be looking for this to either break-out of the traditional spot or move sideways a day or two before advancing. If I make this trade my stop will be just under the $28.59 breakout area. See Notes On Chart. Ideas, not investing / trading advice.
