I'm extremely bullish on 
CAVA as a company. However, in the short term, I see bearish technicals as the stock begins to fall from its ATH. The first support line is in the $61 range. If this holds we could see a push back up to new all time highs at $85, especially if it the price manages to break through the resistance on the broadening wedge. Falling below the $61 level would mean a test of the $59 support trend that was established shortly after CAVA went public. Looking at the Visible Range Volume Profile, there's a clear point of control in the $40 range, which means if the $59ish support breaks, there could be a substantial correction for the stock in filling the volume gap.
One of my main concerns for the company stock long term is its 300 p/e value.
CAVA as a company. However, in the short term, I see bearish technicals as the stock begins to fall from its ATH. The first support line is in the $61 range. If this holds we could see a push back up to new all time highs at $85, especially if it the price manages to break through the resistance on the broadening wedge. Falling below the $61 level would mean a test of the $59 support trend that was established shortly after CAVA went public. Looking at the Visible Range Volume Profile, there's a clear point of control in the $40 range, which means if the $59ish support breaks, there could be a substantial correction for the stock in filling the volume gap. One of my main concerns for the company stock long term is its 300 p/e value.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.