CAVA - Topping out or resting?CAVA is working on an inside day candle after a big run up. I'm bullish here as I think it's just digesting the initial move before it makes another leg up. In at $44.35, but cautious incase it is indeed topping out.
CAVA trade ideas
Wave count on CAVASTRONG down trend.
Weaker IPO
This company essentially sells salads.
They are delicious, but that's not what most people eat when they eat out.....
Cava Bottomed? Cava has reached the apex price of the falling wedge, this along with RSI crossing oversold, should be good indicator the selling has been exhausted and hopefully pump into earnings, which shouldn't have to be stellar, just good and we could definitely see CAVA trading back in the $60 range, and if that with good results of growth and new locations and paying down some debt, no reason we couldn't see it make a run higher to $75-80 range.
CAVA Group Options Ahead of EarningsCAVA is a restaurant chain that is not profitable, yet valued at $5.5 Billion market cap.
Despite the recent analysist upgrades, I think it`s extremely overvalued and will soon reach the IPO price.
Analyzing the options chain and the chart patterns of CAVA Group prior to the earnings report this week,
I would consider purchasing the 45usd strike price Puts with
an expiration date of 2023-8-18,
for a premium of approximately $1.50.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
#CAVA possible reversal areasFirst time captured Straddle. Not sure about this one..But, we can claim it as Big, notional value - 1.1M$
Cava to $66Continuation into price discovery up to text theoretical resistance level at $66
Fibonacci retracemrnrs extend all the way to $91 for ultra bull case.
Bear case we get rejected here but with rsi neutral and potentially positive fed meeting and market reaction we may see a decent rally for anyone long on cava calls!
$CAVA Pullback Buy SetupFew eyes on NYSE:CAVA IPO. It traded sideways for 4 weeks and broke out.
It pulled back to upper range boundary and potentially setting up a pullback buy setup.
