This Fast-Casual Chain is Cooking Up a Breakout

CAVA Group (CAVA) - A Fresh Squeeze Play [Trade of the Day Wake-Up Watchlist] "Given its fresh squeeze, I think CAVA has a chance to make a run to the 52-week highs." Nate Bear, Lead Technical Tactician, Monument Traders Alliance [Nate Bear] Despite ongoing uncertainties in the Middle East, the Federal Reserve's next move, and the upcoming Presidential election, the markets are holding up relatively well. We're seeing a back-and-forth pattern, with bulls and bears seemingly playing ping pong. However, it's crucial to remember that the overall trend remains bullish. As always, I'm focusing on high-quality setups that offer the potential for substantial gains in the shortest time possible. Today, I want to bring your attention to CAVA Group (CAVA). What does CAVA do? [Trading Legend Reveals New AI-Powered Tool]( [Nate Bear]( Nate Bear, the trader who turned $37k into $2.7 Million in 4 years, just revealed his groundbreaking wealth-building initiative... A cutting-edge trading research tool powered-by AI that is finding explosive setups at an UNGODLY speed. See the details for yourself: [ Watch The DEMO Here]( CAVA Group operates a chain of fast-casual Mediterranean restaurants. They offer customizable meals with a focus on fresh, healthy ingredients, catering to the growing demand for nutritious and flavorful quick-service options. Why I like CAVA right now: - Fresh Daily Squeeze: CAVA got a fresh daily squeeze yesterday. The Squeeze is a powerful momentum indicator that helps identify potential breakouts. It measures the relationship between Bollinger Bands and Keltner Channels to detect periods of consolidation (squeeze) before explosive moves. - Stacked EMAs: CAVA is currently showing daily and weekly stacked Exponential Moving Averages (EMAs). This is bullish because it indicates strong upward momentum across multiple timeframes. When shorter-term EMAs are above longer-term EMAs, it suggests that recent price action is outperforming historical trends. - Consolidation near highs: The stock has been consolidating during the last few trading sessions, trading at around $124-$125. This consolidation near recent highs can often precede a breakout. - Potential breakout target: Given the fresh squeeze and strong technical setup, I believe CAVA has a chance to make a run towards its 52-week high of $131.82. Your Action Plan: - Watch for a breakout above the recent consolidation range (around $124-$125). - Consider entering on a break above this level with a stop loss below the consolidation range. - Target the 52-week high of $131.82 for potential profits. Now, a move from $125 to $131 doesn’t sound like much. But when you’re trading options, like how I like to trade, the returns have the potential to be massive. Want to learn more about how I find and trade these setups? 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