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?

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?

Join me in the Daily Profits Live Room, where we use advanced tools like the S.A.M. AI Scanner to identify high-probability trades across multiple timeframes.

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