CAVA eyes on $99.02: Golden Genesis fib holding us in Orbit

16 May

CAVA bounced back nicely along with the market.
Currently orbiting a Golden Genesis fib at $99.02
Look to be flung in either direction from this fib.

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Previous Analysis calling the TOP

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21 May

İşlem aktif

PLUNK

Yellow shaded area is from posting time.

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Close look

Short entry on a Ping on golden Genesis fib.
Hit 2 Tp's already for 6% and 10% gains so far.
Closed 25% at each target, trailing stops.

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27 May

İşlem kapandı: hedefe ulaştı

Third Target HIT

(yellow shaded area is from posting time)
Closed another 25% at $82.50 for 16%.

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Closer look at the last fib hit

It was Pierced but bounced, then broken.

So it is likely we go down another fib:

That would net another 4.75% or so.
So I am going to let the last 25% ride.
SL above the $82.40 fib, TP at the $78.59 fib.

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But let's consider this Trade Idea done and closed.
Maybe we will hit that last 5% of gains, lets see.

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4 Haz

Not

Shorts closed

Bounced above fib and hit our Stop Loss.
So all shorts closed for now, not yet long.
Will look for long opportunities next.

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