Endava plcShort
DAVA Double Top
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
Entry - Test of neckline $139-140
Stop - $150
Target - $113 - $114
Risk to Reward - 2:1
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.