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cdickersonjr
Jan 7, 2022 11:18 PM

DAVA Double Top Short

Endava plcNYSE

Description

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
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